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Portland approves resolution to preserve bond reimbursement option for capital projects
Portland City Council · November 19, 2024
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Summary
The council approved Resolution Number 9 22 on Nov. 19, allowing the city to reimburse prior capital expenditures from proceeds of a future tax-exempt bond issuance; the city’s financial advisor will present a financing plan in February.
Portland City Council voted Nov. 19 to approve Resolution Number 9 22, establishing the city’s intent to reimburse prior lawful capital expenditures from the proceeds of future tax-exempt obligations.
City finance staff said the resolution provides…
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