Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Bond topic
No spam. Unsubscribe anytime.
Council introduced ordinance to issue up to $12 million in sales-tax bonds
Summary
Ordinance 2020-1 was introduced to authorize issuing up to $12,000,000 in sales-tax bonds (Series 2020); financial advisor and bond counsel attended to answer questions. Adoption is scheduled for Feb. 6, 2020.
Ordinance 2020-1 was introduced to authorize incurring debt and issuing sales-tax bonds of not more than $12,000,000 (Series 2020) for the City of Scott. David Medlin, the city’s financial advisor, and Jason Akers of Foley & Judell attended the meeting to answer council questions about the bond.
No vote was taken on the ordinance at the Jan. 9 meeting; the ordinance is scheduled for adoption consideration at the Feb. 6, 2020 council meeting at 6 p.m. The Jan. 9 minutes record that the ordinance would prescribe bond terms and conditions and other matters related to the issuance, but the record does not include debt-service projections or specific allocations of bond proceeds.
