Title
Subject: 1998 Joint Powers Financing Authority Bonds
From: Financial Services Agency
Recommendation: Adopt a Joint Powers Financing Authority Resolution approving the form of a Standby Purchase Agreement supporting payment of Oakland Joint Powers Financing Authority Lease Revenue Bonds, 1998 Series A; authorizing the execution and delivery thereof; and authorizing similar agreements to maintain an arrangement to provide support for the payment of the bonds upon optional or mandatory tender at all times while such bonds bear interest at a variable interest rate