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Festus council approves payoff of outstanding COPs balance from General Fund reserve
2155272 · January 28, 2025
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Summary
The council voted to pay off the outstanding balance of the city's COPs using General Fund reserve; staff provided figures for budgeted debt service and the remaining reserve impact.
The Festus City Council voted to pay off the outstanding balance on a series of certificates of participation (COPs), directing the payment from the General Fund reserve.
A staff member reported that the debt service payment of "$111.06 25" is budgeted and approved for the fiscal year and that the outstanding…
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