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Finance committee advances $42.5 million bond authorization and touts state legislative wins
Summary
Chairman Streetman reported committee approval for initial resolutions to issue up to $42.5 million in general obligation bonds and highlighted two state-level legislative wins — HB 1667/SB 1668 (tiered municipal penalties) and HB 2328 (land bank authority) — credited to local staff and representatives.
Chairman Streetman told the Clarksville City Council on April 30 that the finance committee voted to advance initial resolutions authorizing the issuance of up to $42.5 million in general obligation bonds and associated bond anticipation notes, with a flexible structure intended to protect the city’s credit rating while funding capital needs.
The resolutions (listed as Resolution 60 and 61 in committee materials) would…
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