Allow city to repay wastewater system costs using future bond money
Resolution 33-17
In Plain English
The city spent money on wastewater system improvements and wants to reimburse itself when it issues bonds later. Federal tax rules require cities to formally declare this intention before spending the money. If approved, the city can use bond proceeds to repay these wastewater expenses instead of using other city funds.
Auto-generated summary. Source: official agenda documents.
Community Discussion
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Similar Discussions
5 related items found by meaning
Allow city to repay wastewater system expenses 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
Authorize Finance Director to set interest rates on wastewater bonds
Issue $25 million in wastewater revenue bonds to fund sewer system improvements
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