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Fulton County Council declares intent to issue up to $4 million in general-obligation bonds
Summary
The council approved a resolution declaring intent to issue up to $4,000,000 in general-obligation debt to reimburse costs for county equipment, vehicles and building improvements; an illustrative plan targets roughly $3.475 million in borrowing with a five-year repayment at about 3.5% interest.
The Fulton County Council voted unanimously April 21 to declare its official intent to issue general-obligation debt not to exceed $4 million to reimburse costs for county equipment, vehicles and improvements to county-owned buildings. The resolution, read aloud by the chair, directs staff to proceed with documentation and a future public hearing on the bond ordinance.
Eric Walsh, managing principal at consulting firm Baker Tilly, told the council the…
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