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Board finds no written protest to proposed $10 million general obligation bond issuance
Summary
The Board of Aldermen adopted a resolution declaring that the city received no written protests to a published resolution of intent to issue general obligation bonds up to $10 million, allowing the bond process to proceed to authorization and award phases.
The Olive Branch Board of Aldermen on July 15 adopted a “no protest” resolution confirming that the previously published resolution of intent to issue general obligation bonds not to exceed $10 million drew no written protests from qualified electors. City legal counsel and finance staff described the adoption as a procedural step in the bond issuance process. Staff said the next steps will include authorization of issuance and then competitive award of the bonds. Action: A motion to approve the no-protest resolution passed with board approval. Staff recommended approval as the next required step in the municipal bond process.
