Allow city to repay wastewater system expenses using future bond money
Resolution 01-19
In Plain English
The city plans to issue bonds to fund wastewater system improvements but needs to start spending money before the bonds are sold. This resolution lets the city use its own funds now and repay itself later when bond proceeds arrive. The arrangement ensures wastewater projects can begin immediately without waiting for bond sales to complete.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
7 to 0
Community Discussion
This discussion was submitted to the City Clerk as part of the public record.
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Similar Discussions
5 related items found by meaning
Allow city to repay wastewater system costs using future bond money
Issue $45 million in wastewater revenue bonds for system improvements and refinancing
Adopt resolutions for variable rate wastewater revenue bonds and refinancing agreements
Spend money from 2019 wastewater bonds on sewer projects
Authorize Finance Director to set interest rates on wastewater bonds
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