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PUBLIC NOTICE - - - CAPITAL AREA FINANCE AUTHORITY The following resolution was offered by Anthony Gambino and seconded by Sharon Perez: RESOLUTION A resolution authorizing and approving a new Master General Indenture of Trust and a special Cash Flow Analyst to provide special cash flow analyses and bond/mortgage yield computations thereunder; authorizing the issuance of not exceeding Two Hundred Million Dollars ($200,000,000) of Capital Area Finance Authority Single Family Mortgage Revenue Bonds in one or more series; approving the form of a Series Supplemental Indenture in connection with the aforesaid Single Family Mortgage Revenue Bonds; authorizing and directing Bond Counsel to submit an application to the Louisiana State Bond Commission for approval of not exceeding Fifty Million Dollars ($50,000,000) of Single Family Mortgage Revenue Bonds; and providing for other matters in connection with the foregoing. WHEREAS, the Capital Area Finance Authority (the “Authority”), a public trust created pursuant to the provisions of Chapter 2-A of Title 9 of the Louisiana Revised Statutes of 1950, as amended (R.S. 9:2341-9:2347, inclusive) (the “Act”), is authorized by the Act and the original Indenture of Trust dated September 14, 1974, as last amended and restated in October 2014 pursuant to that certain “Amended and Restated Capital Area Finance Authority Trust Indenture”, to issue its bonds for the purpose of providing funds for the furtherance and accomplishment of any authorized public function or purpose, including housing, mortgage finance and related services, activities, facilities and properties or community development and redevelopment activities; and WHEREAS, the Board of Trustees (the “Board”) of the Authority desires to approve the form of a new Master General Indenture of Trust (the “Master Indenture”) attached hereto as Exhibit A by and between the Authority and Regions Bank (the “Trustee”); and WHEREAS, the Master Indenture constitutes an open indenture to permit Single Family Mortgage Revenue Bonds to be issued in separate series on a pari passu basis across all series in order to permit cross collateralization and cross calling among separate series; and WHEREAS, special cash flow analyses and bond/mortgage yield computations (collectively, the “Cash Flow Analyses”) across all separate series will now be required to be completed by a special analyst (the “Cash Flow Analyst”); and WHEREAS, the Authority’s Financial Advisor shall serve as the Cash Flow Analyst under the new Master Indenture; and WHEREAS, the Authority desires to authorize the issuance under the Master Indenture of not exceeding Two Million Dollars ($200,000,000) of Tax-exempt and/or Taxable Capital Area Finance Authority Single Family Mortgage Revenue Bonds in one or more series (the “Bonds”) to finance first mortgage loans for homebuyers; and WHEREAS, the Bonds are to be delivered pursuant to the terms of one or more Series Supplemental Trust Indentures (a “Series Supplemental Indenture”) to the Master Indenture by and between the Authority and Regions Bank (the “Trustee”); and WHEREAS, an application must be submitted to the Louisiana State Bond Commission (the “SBC Application”) for approval of the costs of issuing a first series of Bonds under the Master Indenture not exceeding Fifty Million Dollars ($50,000,000); and WHEREAS, the cost of issuance attached hereto as Exhibit C for the first series of Bonds shall be included in the SBC Application included; and NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the Capital Area Finance Authority, acting as the governing authority of said Authority, that SECTION 1. The form of the new Master General Indenture of Trust (the “Master Indenture”) attached hereto as Exhibit A which constitutes an open indenture to permit Single Family Mortgage Revenue Bonds to be issued in separate series on a pari passu basis across all series and to permit cross collateralization and cross calling among separate series and the form of a Series Supplemental Indenture attached hereto as Exhibit B are hereby authorized and approved. SECTION 2. The retention by the Corporation of CSG Advisors as Cash Flow Analyst to provide special cash flow analyses and bond/mortgage yield computations across all separate series of bonds issued under the Master Indenture is hereby authorized and approved. The fees to be paid to CSG Advisors as Cash Flow Analyst shall be provided for in the Costs of Issuance for each series of Bonds issued under the new Master Indenture. SECTION 3. The issuance of not exceeding Two Hundred Million Dollars ($200,000,000) of Tax-exempt and/or Taxable Capital Area Finance Authority Single Family Mortgage Revenue Bonds in one or more series to finance loans to homebuyers within the jurisdictional parishes of the Authority and such other parishes whose governing authority execute cooperative endeavor agreements with the Authority pursuant to the Act, and other constitutional and statutory authority at interest rates not exceeding ten percent (10%) per annum, and for a maturity not exceeding 42 years, is hereby authorized and approved. The Tax-exempt Bonds are hereby authorized to be delivered to finance first mortgage loans to homebuyers in accordance with the requirements of Section 143 of the Internal Revenue Code of 1986, as amended (the “Code”) and the Taxable Bonds shall finance loans to homebuyers whose mortgage loans are not qualified to be financed with proceeds of the Tax-exempt Bonds. SECTION 4. Bonds authorized hereunder shall be sold by the Authority on such date as may be determined by the Chairperson of the Authority, in accordance with the requirements of the Act. SECTION 5. Application be and the same is hereby made to the Louisiana State Bond Commission for approval of the authorization, sale, and delivery of the Bonds in one or more series by the Authority pursuant to the provisions of Act. The not-to-exceed cost of issuance attached hereto as Exhibit C for the first series of Bonds to be issued pursuant to the Master Indenture is hereby approved; provided, however, that the Authority agrees to provide a report on the costs of issuance of each subsequent series to the Louisiana State Bond Commission prior to delivery thereof for approval of the Louisiana State Bond Commission if requested to do so. By virtue of the Authority’s application for, acceptance and utilization of the benefits of the Louisiana State Bond Commission’s approval resolved and set forth herein, the Authority resolves that it understands and agrees that such approvals are expressly conditioned upon, and the Authority further resolves that it understands, agrees and binds itself, its successors and assigns to, full and continuing compliance with the “State Bond Commission Policy on Approval of Proposed Swaps, or other forms or Derivative Products Hedges, Etc.”, adopted by the Commission on July 20, 2006, as to borrowings and other matters subject to approvals, including subsequent application and approval under said Policy of the implementation or use of any swaps or other products or enhancements covered thereby. SECTION 6. The Chairperson, Vice-Chairperson, and/or Secretary-Treasurer of the Authority be and they are hereby authorized, empowered and directed to take any and all action required in order to implement the terms and provisions of this resolution and the Chairperson be and he/she is hereby further authorized and empowered, in his/her sole discretion, in order to expedite the sale of Bonds, to make such changes in the sale date and other terms (i.e., privately placed or negotiated) as will permit the timely sale and delivery of Bonds. SECTION 7. It is recognized that a real necessity exists for the employment of bond counsel in connection with the issuance of Bonds, and accordingly, Butler Snow LLP is hereby employed as Bond Counsel to the Authority to do and to perform comprehensive, legal and coordinate professional work with respect thereto. The fee to be paid Bond Counsel shall be an amount based on the Attorney General's current Bond Counsel Fee Schedule and other guidelines for comprehensive, legal and coordinate professional work in the issuance of revenue bonds applied to the actual aggregate principal amount issued, sold, delivered and paid for at the time Bonds are delivered, together with reimbursement of out-of-pocket expenses incurred and advanced in connection with the issuance of Bonds, subject to the Attorney General's written approval of said employment and fee. SECTION 8. Raymond James & Associates, Inc. (the “Underwriter”), CSG Advisors, (the “Financial Advisor” and “Cash Flow Analyst”), and other participants in the delivery of Bonds referenced in Exhibit C attached hereto are hereby ratified and approved. This resolution having been submitted to a vote; the vote thereon was as follows: YEAS: Justin Gaudet, Sharon Perez, Lauren Wilson, Dennis Blunt, Blaine Grimes, Domoine Rutledge, Anthony Gambino, Patrick Goldsmith NAYS: None ABSENT: Valerie Schexnayder And the resolution was declared adopted on this, the 21st day of May, 2026. /s/ Justin Gaudet Justin Gaudet, Chairperson /s/ Lauren Wilson Lauren Wilson, Secretary-Treasurer EXHIBITS A, B, AND C TO THIS RESOLUTION HAS NOT BEEN PUBLISHED. SAID EXHIBITS A, B, AND ARE AVAILABLE FOR PUBLIC INSPECTION AT THE OFFICES OF THE CAPITAL AREA FINANCE AUTHORITY, 601 ST FERDINAND ST, BATON ROUGE, LA 70802, MONDAYS THROUGH FRIDAYS DURING NORMAL BUSINESS HOURS. 189154-may 29-1t $179.82

Post Date: 05/29 12:00 AM
Refcode: #615580.1  iPrint
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