Council introduces ordinance to issue taxable utility revenue bonds, public hearing set for Sept. 9
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Summary
Council introduced an ordinance to authorize issuance of taxable utility revenue bonds (Series 2025B) and set a public hearing for Sept. 9, 2025; the item was introduced with no roll call required at first reading.
The council introduced an ordinance authorizing the issuance, sale and delivery of taxable utility revenue bonds, Series 2025B, for the City of Opelousas and set a public hearing for the council’s Sept. 9, 2025 meeting.
City staff read the ordinance title aloud at the meeting; the presentation explained the measure would authorize the form, terms and conditions of bonds to be used for utility projects, with final amounts and terms to be determined. The item was introduced and the council scheduled a public hearing for Sept. 9, 2025 to consider final adoption and details.
Why it matters: Introducing the bond ordinance begins the formal process that allows the city to raise capital through taxable utility revenue bonds; details such as the final bond amount, interest rates and repayment terms will be presented at the public hearing and in subsequent documents.
Ending: The council did not vote on bond issuance at first reading; staff will publish required legal notices and return with full financing terms at the Sept. 9 hearing.