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Savannah council authorizes resolution to permit issuance of water and sewer revenue bonds
Summary
Council voted to authorize a resolution allowing the City to proceed with issuance of water and sewer revenue bonds over the next three years in an amount read into the record; the item was explained in the city manager’s Tuesday memo.
Council voted to authorize a resolution permitting the issuance of water and sewer revenue bonds over the next three years. City staff said the item was described in the agenda memo distributed Tuesday and was presented to council for approval.
The figure read into the record described the authorization as an amount "not to exceed" the number shown in the agenda packet; the recorded audio in the meeting text contained a garbled rendering of that number. City staff provided the background memo explaining the bond authorization and its intended use for water and sewer capital needs.
City manager Joseph A. Melder noted that the item had been explained in the Tuesday memo and council moved, seconded and passed the resolution as presented. The council did not provide a detailed line‑item spending plan during the meeting; staff indicated additional materials accompany the agenda packet.
Because the authorization creates the capacity to issue debt, staff follow‑up will include public notices, formal bond documents, and coordination with bond counsel and financial advisors prior to any sale. Council’s vote authorized the resolution as read into the record.
