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Gadsden council authorizes immediate consideration and adoption of ordinance to set parameters for Series 2025A general obligation warrants
Summary
The council moved to consider and adopted an ordinance establishing parameters for issuance of general obligation warrants series 2025A and authorized bond counsel and an underwriter. The measure passed by voice vote with one abstention; councilmembers said the step is preparatory and does not finalize borrowing amounts.
GADSDEN CITY — The Gadsden City Council voted Sept. 9 to adopt an ordinance that sets parameters for the issuance of general obligation warrants, series 2025A, and authorizes the mayor to proceed with bond-market preparations.
The ordinance names Maynard Nexon PC as bond counsel and "Stifle, Nicholas and Company, Incorporated" as underwriter in the text presented to the council. Council took the measure up for immediate consideration and, after discussion about preparation of the disclosure materials, moved to adopt the ordinance on the same day. The clerk recorded one abstention; the…
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