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La Vergne reviews initial resolutions for up to $45 million in bond authorizations for streets and utilities
Summary
The board reviewed initial resolutions authorizing up to $25 million in general obligation bonds for street projects and up to $20 million in water and sewer revenue and tax bonds; staff provided estimated annual debt-service figures but no final vote was recorded.
City staff presented initial resolutions on Aug. 5 to authorize bond issuances for capital needs: an initial resolution to issue up to $25 million in general obligation bonds for street projects (including Blair Road West and South Walton Road widening) and a separate initial resolution to issue up to $20 million in water and sewer revenue and tax bonds for utility…
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