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Commission approves resolution to participate in city-backed general obligation bonding
3570275 · May 29, 2025
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Summary
The commission unanimously approved Resolution No. 5367 to enable participation in city-issued general obligation bonds; staff said the city council serves as fiscal agent and final bonding must be processed through the council.
The Virginia Public Utilities commission on May 28 voted unanimously to approve Resolution No. 5367, a preauthorization to participate in general obligation bonding routed through the City of Virginia.
Greg, a utility staff member, explained the resolution “earmarks us, you know, potentially using the bonds if needed. So, once the project is…
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