Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council hears introduction of NewCold Phase 3 bond ordinance to fund $505 million expansion
Summary
A first reading of Ordinance 2025-32, authorizing taxable economic development revenue bonds for NewCold Project Phase 3, was introduced at the Lebanon Common Council meeting on Oct. 14.
A first reading of Ordinance 2025-32, authorizing taxable economic development revenue bonds for NewCold Project Phase 3, was introduced at the Lebanon Common Council meeting on Oct. 14. The ordinance would allow the city to issue up to $20,500,000 in bonds; officials said the bonds would be paid from incremental real and personal property taxes generated by the project, and would carry no direct city pledge.
Catherine Panello, an attorney with the law firm Dinsmore & Shohl, told the council the ordinance and related financing documents — a trust indenture and a financing agreement —…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
