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Paris council OKs notice to issue $1.5M in certificates of obligation for Love Civic Center improvements
Summary
Council authorized publication of notice of intent to issue about $1.5 million in certificates of obligation to fund Love Civic Center renovations, citing hotel‑motel tax proceeds to cover estimated $175,000 in annual debt service.
The Paris City Council approved a resolution directing publication and website posting of a notice of intent to issue certificates of obligation to fund improvements to the Love Civic Center.
City staff member Gene explained that the council previously designated the Love Civic Center renovation as a venue project to be funded by an increase in the hotel‑motel tax, and that a May election confirmed the tax increase. Staff said they waited to…
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