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Caller says revenue bonds require notice and cites HUD reprimand for HRD
Summary
A caller challenged a city CFO's statement about revenue bonds, saying such bonds require public notice and sometimes a referendum; he also alleged HUD reprimanded the city's HRD for oversight failures and potential fraud, and urged council attention to bond and refunding procedures.
A public commenter raised procedural and oversight concerns about the city's use of revenue bonds and alleged prior federal criticism of the city's housing department.
"Revenue bonds do require public notice of intent to issue as well as a referendum," caller Malik Shelton said, challenging a statement he attributed to the city's chief deputy CFO. Shelton said refunding bonds require a council authorization resolution…
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