Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Scott council approves preliminary $1.135 million promissory note for emergency services building
Summary
The Scott Mayor and City Council voted Sept. 27, 2027, to give preliminary approval to Resolution 2027-31, authorizing a credit sale promissory note up to $1,135,000 to finance a new Emergency Services Building on Rue Bon Secours; the purchase is subject to Bond Commission approval Sept. 30.
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Councilman Boudreaux moved Sept. 27 to adopt Resolution 2027-31, giving the City of Scott preliminary approval to a credit sale promissory note in a principal amount "not to exceed one million one hundred thirty-five thousand dollars ($1,135,000)" to finance a new Emergency Services Building on Rue Bon Secours. Mayor Richard restated the same terms and said the purchase is contingent on approval by the Bond Commission on Sept. 30. The resolution calls for a payment schedule spanning five years.
Councilman Hollier seconded the motion. The council recorded "no comments or objection" from members present; the motion "carried by majority." The minutes do not include a roll-call vote or a numerical tally.
The meeting convened at 12:00 p.m. at Scott City Hall and adjourned at 12:10 p.m. Councilman Suire was noted absent. The minutes include the city clerk's signature line for Shelley Gautreau.
Because the resolution's final purchase is subject to the Bond Commission's approval on Sept. 30, the promissory note authorization remains preliminary until that action occurs.
