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Collegedale approves up to $3 million in sewer notes to fund sewer system needs
Summary
The Collegedale City Commission unanimously adopted Resolution 555 authorizing up to $3,000,000 in interest-bearing sewer system revenue and tax capital outlay notes series 2025, to be issued through the Tennessee Municipal Bond Fund; staff estimated closing the week of Dec. 8 with an interest range near 4.64%–4.75%.
The Collegedale City Commission on Nov. 17 adopted Resolution 555, authorizing issuance of interest-bearing sewer system revenue and tax capital outlay notes series 2025 in an amount not to exceed $3,000,000.
City staff explained the borrowing will be limited to the sewer fund and will be arranged through the Tennessee Municipal Bond Fund. "This is just for the sewer fund, and we're going through the Tennessee…
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