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Tupelo council approves intent to issue up to $10 million in general obligation bonds
Summary
City council approved a resolution declaring intent to issue general obligation bonds (up to $10 million) and authorized hiring bond counsel and financial professionals; staff said an ESCO presentation created more immediate funding needs.
The Tupelo City Council unanimously approved a resolution on March 17 declaring the city’s intention to issue general obligation bonds in one or more series with an aggregate principal amount not to exceed $10 million.
City staff clarified the vote was an intent resolution, not final issuance — the city has up to 24 months to actually sell bonds and can…
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