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Cascade council approves bond authorization, business incentive and utility ordinances
Summary
Council approved Resolution No. 109-25 (preliminary official statement for GO bonds), a property-tax increment incentive for Cascade Lumber Company, accepted the street and annual financial reports, and advanced or adopted several utility-related ordinances.
At its Nov. 24 meeting, the Cascade City Council approved a series of financial and administrative items: a resolution authorizing use of a preliminary official statement for the sale of general obligation corporate purpose bonds (Resolution No. 109-25), a business-incentive disbursement for Cascade Lumber Company, adoption of a third-reading ordinance adjusting refuse collection rates, and first readings on water and sewer rate ordinances.
Resolution No. 109-25. City staff described the bond step as a routine part of the borrowing process to fund general obligation corporate-purpose projects. Council Member Gail moved to approve the resolution; Council Member Oliphant seconded the motion and a roll-call recorded the vote in favor as shown in the transcript (ayes recorded). The transcript identifies the item as standard procedure.
Cascade Lumber Company incentive. The council approved a resolution authorizing an annual disbursement…
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