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Council adds reimbursement resolution to agenda and approves intent to reimburse from tax‑exempt financing
Summary
Council amended the agenda to add a resolution (SB1) and unanimously approved a resolution declaring the city’s intent to reimburse certain capital expenditures from future tax‑exempt financing proceeds. The meeting also recorded several brief procedural votes, including remote participation approval and certification after a closed session.
City Council amended the agenda to add a resolution identified as SB1 and later approved a resolution declaring the city’s intention to reimburse itself from proceeds of one or more tax‑exempt financings for capital improvement expenditures. The amendment to add SB1 and to move the budget review item was made by Councilor Ellis, seconded by Vice Mayor Joiner, and passed 6‑0 by roll call.
The reimbursement resolution motion was made by Councilor Day and seconded by Vice Mayor Joiner. The council approved the resolution by a roll‑call vote recorded in the transcript as 6‑0. Staff described the motion as…
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