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Roswell moves forward with second tranche of general-obligation bonds; city estimates small millage impact
Summary
Council approved a resolution to begin issuing the second tranche of previously voter-approved general-obligation bonds to fund parks, public safety and other capital projects; staff estimated an approximate 0.3 mill increase in debt service and projected an average homeowner impact around $69 in 2026.
The Roswell City Council on Monday approved a resolution to begin the sale process for the second tranche of general-obligation bonds authorized by voters in November 2022.
Chief Financial Officer Bill Godshall told the council the city plans to issue debt tied to two voter-approved bond questions to fund parks and recreation ($65.2 million) and public safety ($28.2 million). Godshall said the city would seek to sell bonds at a premium, which can provide additional cash to fund projects…
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