Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council hears first reading for $3.2 million in interim notes to refinance 2022 bond, continue water project
Summary
Bond counsel presented a first reading of an ordinance authorizing two tax-exempt interim notes — $1.7M to refund a 2022C bond due April 1 and $1.5M to continue water-project work — and council moved the ordinance to a second reading.
Bond counsel Jennifer Karen, identified in the meeting as an attorney with Eckert (transcript: “Eckert Siemens”) in Harrisburg, gave the first reading of an ordinance authorizing the city to issue two general-obligation interim notes under the Local Government Unit Debt Act.
Karen said the Series A note would be a tax-exempt note in the principal amount of $1,700,000 to refund the outstanding 2022C bond that matures April 1. The Series B note would be a tax-exempt…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
