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Roswell advances PFA revenue bond plan to finance facility repairs including $7M roof
Summary
City financial staff asked the committee to advance a proposed City of Roswell Public Facility Authority (PFA) revenue bond offering of about $13.1 million to finance long‑lived capital needs — including an estimated $7 million roof replacement, public safety headquarters improvements, parking‑deck work and other projects — and council unanimously agreed to move the package forward.
City finance staff told the Roswell committee on Feb. 10 that the City of Roswell Public Facility Authority can issue bonds to finance long‑lived city assets and that staff plans to issue a private‑placement bank offering this spring.
"The City of Roswell Public Facility Authority ... is used to finance designated city facilities," Chief Financial Officer Bill Godshaw said, describing parks, public safety buildings, parking and utilities as eligible projects. Godshaw noted other municipalities in the region had used PFA structures recently and said the approach can carry lower issuance fees than general…
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