Board considers amendment to bond-delegation resolution to raise interest parameter to 7%
Jennifer Taylor (Grey Robinson) presented an amendment to Resolution 2026-50 that would let the chair or vice chair award bonds after pricing and raise the maximum allowable interest-rate parameter from 6% to 7% to give the board flexibility amid turbulent markets; a motion was made but the transcript records no final vote.
The full story
At Tuesday's meeting, the Board of Supervisors considered Resolution 2027-03, an amendment to a prior delegation resolution that would allow the chair or vice chair to award special-assessment revenue bonds after pricing and raise the resolution's interest-rate parameter from 6% to 7%.
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