Hold public hearing on $8.5 million tax-exempt bond for Making Waves Foundation

Police & Community SafetyBudget<UNKNOWN>Hearing

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

Passed

Adopt Resolution No. 70-13

Passed