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Zephyrhills council approves reimbursement resolution to clear path for up to $31M bond financing
Summary
Council unanimously approved Resolution No. 860-25, a reimbursement resolution that gives the city legal ability to reimburse certain pre-issuance expenses from future bond proceeds; staff was authorized to engage bond counsel, disclosure counsel and underwriters and will return with financing details in November.
Zephyrhills City Council unanimously approved Resolution No. 860-25 on Aug. 11, 2025, a preliminary step that allows the city to reimburse eligible expenditures from the proceeds of a future bond issue.
Jeff Larson of Larson Consulting Services told the council the reimbursement resolution “gives you the legal ability under federal tax law to reimburse yourself from the bond proceeds should you be spending money from this day forward.” He emphasized the measure is “not an…
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