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Paris council authorizes staff to pursue tax note to fund police roofs and rescue truck
Summary
The council voted to let staff proceed with plans to issue a short-term tax note of roughly $2.4 million to fund roof replacements and a rescue truck; Samco said the six-year structure would have only a small, modeled tax-rate impact and staff will return next month with sale documents.
The Paris City Council on March 23 authorized staff to proceed with preparations to issue a short-term tax note to finance roughly $2.4 million in capital needs, including repairs to leaking police roofs and the purchase of a new rescue truck for the fire department.
Jack McClininy of Samco Capital Markets told the council the firm modeled the financing with a conservative, 0% growth assumption and a six-year repayment structure.…
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