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Fayetteville moves to issue first tranche of 2023 voter-approved GEO bonds
Summary
Council approved a resolution to issue the first tranche of voter-approved general obligation improvement bonds, allocating $25 million for infrastructure projects and $15 million for public safety projects, with city staff citing favorable market timing and LGC oversight.
The Fayetteville City Council on Jan. 12 authorized issuance of the first tranche of general obligation improvement bonds approved by voters in 2023. Finance Director Yates told council the tranche being issued includes $25 million for public infrastructure projects and $15 million for public safety projects such as fire stations and a 911 call center.
Yates said staff coordinated with the Local…
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