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Staff is supportive of adopting a resolution granting preliminary approval for LUPE Development’s <br />request for conduit revenue bonds. As outlined by the City’s bond counsel, the issuance presents no <br />financial risk to the City, does not impact bonding capacity or credit rating, and may help the <br />developer secure favorable financing. The developer will cover all legal and application costs, and the <br />City will collect a one-time issuer’s fee if the bonds move forward. <br /> <br />ATTACHMENTS <br />• ATTACHMENT A: Taft Conduit Revenue Bonds Analysis Memo <br />• ATTACHMENT B: Resolution Granting Preliminary Approval of the Issuance of Conduit <br />Revenue Bonds <br />• ATTACHMENT C: Required Bond Documents