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Council adopts three resolutions: water refunding bonds, TCDA borrowing for Regal Cinema site, and council ground rules
Summary
Council and the Town Center Development Agency adopted three resolutions: a water system revenue refunding bond authorization, a $5.6 million TCDA indebtedness resolution for the Tigard Triangle acquisition, and updated council ground rules. All measures passed by unanimous voice vote as recorded in the meeting transcript.
Tigard elected bodies approved three formal resolutions during the meeting: a water revenue refunding bond, an indebtedness authorization by the Town Center Development Agency to support acquisition in the Tigard Triangle, and updated council ground rules.
Water refunding bonds: Assistant Finance Director Keith McClung presented a staff report recommending that the city seek refunding of water system revenue bonds originally issued in 2015 where a 10-year call option now permits refinancing. McClung said an illustrative market rate at the time of presentation…
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