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Roswell staff recommend second bond tranche totaling $93.4 million; committee votes to proceed
Summary
City finance staff outlined a recommended second tranche of general obligation bonds totaling $93,400,000 for parks/recreation and public safety projects and the committee voted to move the notice/intent toward council consideration.
City finance staff presented details of a proposed second tranche of general obligation bonds and the committee voted to advance the measure to the full council for formal approval steps.
Bill Godshall, the city's chief financial officer, reviewed the history and rationale for issuing the second tranche. He said the 2022 bond referendum approved three questions covering recreation and parks, public safety, and a downtown parking deck; the first tranche raised $86.2 million in 2023 and financed a set of projects now underway.
Godshall recommended issuing a second tranche of $93,400,000, broken down as $65,200,000…
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