2020-12-16 OB RIVCO Res 2020-038 Withdrawal Letter to DOFDecember 16, 2020
State of California Department of Finance
Office of State Audits and Evaluations
Attn. Sergey Fomin
The City of La Quinta Successor Agency (SA) would like to formally request a withdraw of
the County of Riverside Oversight Board (OB) Resolution No. 2020-038.
On December 15, 2020, the City’s SA took formal action to amend and restate the resolution
for issuance and sale of tax allocation refunding bonds. The amended and restated
resolution will be presented to the County of Riverside OB on January 7, 2021 and
subsequently submitted to the Department of Finance. This amendment includes adding the
2014 Bonds to the proposed refinancing, which achieves greater interest payment savings.
Should you require any additional information please do not hesitate to contact me directly
at 760-777-7073 or by email at kromero@laquintaca.gov.
Sincerely,
Karla Romero
Finance Director
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