Committee advances $160 million library bond proposal to third reading after finance questions
Committee advanced a resolution authorizing issuance of bonds for the Akron‑Summit County Public Library District; staff discussed financing choices including taxable vs. tax‑exempt issues and estimated potential net cost differences depending on timing of issues.
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The finance committee considered a resolution authorizing the issuance and sale of bonds for the Akron‑Summit County Public Library District. Committee members asked detailed questions about the proposed structure and timing of bond sales and potential arbitrage implications.
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