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City Council approves authorizing resolution and accepts Series 2025 bond bids
Summary
At a special-called meeting Sept. 3, the City Council unanimously approved an authorizing resolution and accepted pricing results for the Series 2025 bonds after a presentation by the chief financial officer and bond counsel.
SOUTH CLAYTON — The City Council on Sept. 3 unanimously approved an authorizing resolution and accepted bond bid results for the Series 2025 bonds, the council said at a special-called meeting held in Council Chambers at 70 S. Clayton St.
The action came after Keith Lee, the city's chief financial officer, presented the item and introduced Kenneth Pollock, an attorney with Butler Snow, who discussed the pricing results for the Series 2025 bonds. The council took the vote without public comment during this section of the agenda.
Mayor David R. Still moved to approve the authorizing resolution and the bond bid results; Mayor Pro-Tem Victoria Jones seconded the motion. The vote was 5-0 in favor, with Council Member Bruce Johnson, Mayor Pro-Tem Jones, Council Member Austin Thompson and Council Member Marlene Taylor-Crawford joining Mayor Still in voting yea.
Earlier in the meeting Council Member Marlene Taylor-Crawford moved to accept the agenda as presented; Council Member Austin Thompson seconded and the motion passed on a unanimous 5-0 vote. The special call was later adjourned by motion from Mayor Pro-Tem Jones, seconded by Council Member Johnson, also by a unanimous vote.
The transcript and the meeting minutes record that pricing results were discussed by bond counsel; the minutes do not specify bond principal amounts, maturities, interest rates or the intended use of bond proceeds. Those details were not specified in the recorded minutes.
The minutes were signed by Mayor David R. Still and Karen Pierce, city clerk.
