Authorize Finance Director to set interest rates on wastewater bonds
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Resolution Resolution No. 113-08
In Plain English
The city has existing bonds that fund wastewater system improvements. The Finance Director needs formal authority to choose how interest rates work on these bonds and modify related financial agreements. If approved, the city can potentially reduce borrowing costs for wastewater projects.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
8 to 0
Community Discussion
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Similar Discussions
5 related items found by meaning
Issue bonds to refinance existing wastewater system debt
Issue $35 million in bonds to refinance existing wastewater debt
Adopt resolutions for variable rate wastewater revenue bonds and refinancing agreements
Issue $45 million in wastewater revenue bonds for system improvements and refinancing
Issue $25 million in wastewater revenue bonds to fund sewer system improvements
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