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Council briefed on intergovernmental agreements, property transfer ahead of KBA revenue bond vote Oct. 16
Summary
Staff outlined documents needed for the Kenton Building Authority revenue bond Series 2025, including transferring ownership of the fire station from the DDA to the KBA and approving assignment/assumption, custodial and payment agreements; council will see final documents and numbers at the Oct. 16 meeting.
City staff briefed council Oct. 2 on an intergovernmental contract and related documents tied to the Kenton Building Authority (KBA) revenue bond Series 2025. No action was requested at the meeting; staff said council will be asked to approve the resolution and related agreements at the Oct. 16 meeting once financing details are complete.
Staff recapped…
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