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South Manville Development Authority authorizes distribution of preliminary statement for Series 2024 tax-increment contract revenue bonds
Summary
The South Manville Development Authority approved and authorized distribution of the preliminary official statement for its Series 2024 tax-increment contract revenue bonds and discussed risk factors including cybersecurity and coverage tests; the board also approved related procedural items unanimously.
The South Manville Development Authority voted unanimously to approve and authorize distribution of the preliminary official statement (POS) for its Series 2024 tax-increment contract revenue bonds.
Kathleen Olesen, who identified herself in the meeting as a presenter, told the board the plan is to post the offering materials next Tuesday so the underwriter’s sales team can distribute them and that the bond sale is scheduled for the following week with a target closing date of Dec. 11. "Next Tuesday, we would print what I call print... and then the underwriter will pick that up," Olesen said, describing the timeline and distribution…
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