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Council approves noncallable taxable note change on financial advice
3426205 · May 21, 2025
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Summary
Ordinance 15‑2025 amended the city's note redemption provisions to issue a noncallable taxable note after staff counsel and capital markets advice; council adopted the change unanimously.
The Forest Park City Council on May 19 adopted Ordinance 15‑2025, amending prior ordinance language to modify redemption provisions for certain taxable notes and declaring an emergency.
Council discussion indicated that the city’s capital markets advisor recommended issuing the note as noncallable. Council member…
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