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Fulton County Council authorizes start of rolling general-obligation bond process
Summary
The council voted 6-0 to authorize staff to begin the process for a 5-year rolling general-obligation bond that would net roughly $3.0–3.3 million for capital projects and keep the countydebt-service levy largely unchanged; public hearing and ordinance introductions are scheduled this spring.
Chair opened the discussion and invited a Baker Tilly consultant to present a preliminary plan for issuing a rolling general-obligation bond to fund county capital projects.
Heidi (Baker Tilly), filling in for the firm's regular presenter, said the countycould issue a 5-year bond that would net approximately $3,000,000 to $3,275,000 in proceeds depending on final structure and market conditions. She described rolling GO bonds as a way for local governments to maintain a steady debt-service levy while financing projects such as courthouse repairs, an annex and shared vehicles. "For a 5 year bond term, you…
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