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Council authorizes IDA revenue bonds of up to $135 million for Wake Preparatory Academy project
Summary
The council approved resolution 2025-045 authorizing the Sierra Vista Industrial Development Authority to issue taxable education facility revenue bonds, series 2025, for Wake Preparatory Academy in an aggregate amount not to exceed $135 million; staff said the bonds are special limited obligations with no city liability.
The Sierra Vista City Council on June 12 approved resolution 2025-045 authorizing the Sierra Vista Industrial Development Authority (IDA) to issue taxable education facility revenue bonds, series 2025, in an aggregate principal amount not to exceed $135,000,000 for a Wake Preparatory…
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