Hold public hearing on $8.5 million tax-exempt bond for Making Waves Foundation
In Plain English
Making Waves Foundation wants to borrow $8.5 million through tax-exempt bonds issued by a state authority. The city must hold this public hearing as a legal requirement before the bonds can be issued. The foundation would use the money for their programs, and bondholders would not pay federal taxes on interest earned.
Auto-generated summary. Source: official agenda documents.
Votes
Close the public hearing
Adopt Resolution No. 70-13
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