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MSO Local Public Improvement Bond Bank approves borrowing for police fleet and in‑car video systems

MSO Local Public Improvement Bond Bank · December 18, 2024
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Summary

The MSO Local Public Improvement Bond Bank approved a resolution authorizing short‑term borrowing to purchase 40 police vehicles and in‑car video equipment—about $2.6 million for vehicles and $1.8 million for cameras—drawn as invoices arrive and expected to be repaid by mid‑2028; the transcript does not record a roll‑call tally.

The MSO Local Public Improvement Bond Bank voted to approve a resolution authorizing short‑term borrowing to cover purchases of 40 police vehicles and associated in‑car video equipment, board members said during the meeting.

Speaker 1 summarized the request, saying the vehicles, including striping and lights, total about $2,600,000 and the video recording system is about $1,800,000. "So grand total, almost 4 and a half million," Speaker 1 said. The board described the financing request as a line of credit that would be drawn as invoices arrive…

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