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URA briefed on proposed bond financing for City Center; special meeting may be needed before council action
Summary
Legal and finance staff outlined plans for a two‑series municipal bond issuance to fund a proposed City Center complex (fire, city hall, police and recreation), including refinancing earlier 2021 bonds and combining SPLOST and other sources; board discussed timing and set a near‑term meeting to review bond documents ahead of city‑council consideration.
Counsel and the financial adviser briefed the URA on a proposed municipal bond financing to support a City Center complex that would combine several municipal services under one roof and include recreation facilities. The proposed financing structure contemplates two series (A and B), refinancing a 2021…
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