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Commission hears first reading for $55 million WKU conduit bonds; staff says no city obligation
Summary
The commission held a first (nonbinding) reading of an ordinance to authorize up to $55 million in conduit industrial building revenue bonds for the WKU Student Life Foundation; staff and bond counsel said the bonds are pass-through financing with no obligation by the city.
On first reading the Bowling Green City Commission considered Ordinance BG2025-30, which would authorize issuance of industrial building revenue bonds in an aggregate principal amount of $55,000,000 (with a permitted 10% upward adjustment) as conduit financing for WKU Student Life Foundation, Inc.
Bond counsel and city staff told commissioners the financing would be a conduit…
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