Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Canton approves $1.374 million temporary utility revenue bonds
Summary
The council adopted Resolution 2025-08 authorizing up to $1,374,000 in Temporary General Obligation Utility Revenue Bonds, Series 2025A, to fund utility-related needs; the motion carried at the Feb. 12 meeting.
The Canton City Council on Feb. 12 approved Resolution 2025-08 authorizing the issuance, sale and delivery of $1,374,000 in Temporary General Obligation Utility Revenue Bonds, Series 2025A. The motion to adopt the resolution was made by Jen Dowling, seconded by George Hafner, and the minutes record the motion as carried.
The minutes do not include a roll-call vote tally or a breakdown of how bond proceeds will be allocated; the resolution name and amount are recorded in the minutes. The action is described as an authorization to issue bonds, sale and delivery; specific financing terms, underwriting details and repayment sources were not recorded in the meeting minutes.
The minutes show the council handled the bond authorization as an item of old business and approved it during the meeting.
