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Council approves RPFA revenue bond resolution for capital projects; staff recommended Webster Bank financing
Summary
The council authorized the Roswell Public Facilities Authority's 2026 revenue bond package (approx. $13.1M projects), including Green Street deck technology, roof replacements, public safety and Crab Apple facility improvements; staff recommended a 20‑year Webster Bank offer that reduced annual debt service though it had a higher nominal rate.
Mayor and Council approved a resolution authorizing the Roswell Public Facilities Authority (RPFA) to issue a revenue bond series 2026 to finance a suite of city capital needs, after staff presented bids and a staff recommendation.
Chief Financial Officer summarized the financing approach: RPFA revenue bonds issued under Georgia law require a revenue stream or lease structure that repays the bond; the city and RPFA enter an intergovernmental agreement (IGA) that routes payments. Staff described the court validation process that reduces legal…
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