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DeKalb committee approves parameters for up to $450 million water and sewer revenue bonds
Summary
The Finance, Audit and Budget Committee approved a parameters resolution authorizing the county to pursue up to $450 million of water and sewer revenue bonds and to begin the validation, ratings and sale preparation process; the committee added clarifying language limiting proceeds to necessary costs.
The DeKalb County Finance, Audit and Budget Committee voted to approve a parameters resolution authorizing the county to pursue the issuance of water and sewer revenue bonds in an aggregate principal amount not to exceed $450,000,000.
The committee’s action clears the way to begin the validation and investor‑market work needed to sell a bond issue, including meeting with rating agencies, assembling the sale team and preparing the official statement, but does not itself finalize any sale, county staff said. "This agenda item authorizes us to issue up to $450,000,000 of bonds with a maximum interest rate not to exceed 6% and…
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