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Council directs staff to pursue two-year municipal bond-fund line for near-term capital projects
5949401 · October 15, 2025
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Summary
The council agreed to move a financing proposal to the full council that would use the Tennessee Municipal Bond Fund for a two-year construction-style credit line to fund near-term capital projects.
City finance staff proposed using the Tennessee Municipal Bond Fund to establish a construction-style credit line that would let the city draw funds as projects move to construction and pay interest only on amounts used.
Finance staff said the instrument functions like a construction loan: borrowing costs accrue…
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