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Council adopts bond authorization, confirms appointment and votes to meet in closed session
Summary
The Bowie City Council adopted Ordinance 0925 authorizing up to $33 million in general obligation bonds, appointed Robert Day to the Economic Development Committee and voted to adjourn into a closed session under Maryland law.
The Bowie City Council on Sept. 15 adopted an ordinance authorizing the city to issue general obligation bonds totaling up to $33,000,000, approved the appointment of Robert Day to the Economic Development Committee for a two-year term and voted to adjourn into a closed session to consult with counsel.
Ordinance 0925 authorizes the city to issue one or more series of general obligation bonds and bond anticipation notes, in original aggregate principal amounts not to exceed $33,000,000, with proceeds to reimburse or finance costs tied to the city’s capital projects. H. Byron Matthews, Bowie’s finance director, told council the ordinance provides flexibility to allocate bond proceeds among listed projects and…
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