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Willard approves resolution declaring intent to use Certificates of Participation to reimburse project costs
Willard Board of Aldermen · December 9, 2024
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Summary
Council approved a resolution declaring the city’s official intent to use Certificates of Participation (COPs) to reimburse eligible project costs, with staff referencing a contingency of up to $1,500,000; the measure does not commit to borrowing but authorizes the reimbursement pathway.
The Willard Board of Aldermen approved a resolution declaring the city’s official intent to reimburse eligible project expenditures with proceeds from Certificates of Participation (COPs).
Staff said the action would not…
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