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.
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