Council holds hearing, approves bond accommodation for Rockwood Preparatory Academy
The council held the required public hearing and unanimously approved Resolution 36‑27 accommodating tax-exempt revenue bonds for Rockwood Preparatory Academy; the city has no financial obligation, the school said.
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The Gresham City Council held a public hearing on a request by Rockwood Preparatory Academy for tax-exempt financing and approved Resolution 36‑27 unanimously. City staff explained the city—s role is limited to conducting the public hearing required by IRS rules and that the city holds no liability for issuance or repayment.
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