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Supervisors approve resolution to use preliminary official statement for urban renewal bond sale
Summary
The board approved a resolution authorizing use of a preliminary official statement for sale of general obligation urban renewal bonds (series 2026A); counsel Dorsey & Whitney noted disclosure counsel issues; the resolution was adopted twice to correct signatures (07212601 then 07212602).
The board considered a resolution authorizing use of a preliminary official statement in connection with sale of general obligation urban renewal bonds, series 2026A. County counsel and bond counsel circulated a cover letter noting they had not acted as disclosure counsel and advising supervisors of agenda-posting and disclosure questions. A supervisor raised that point during discussion before a motion to approve.
After the initial vote the auditor and board realized the resolution needed corrected signatures; the board re-adopted the resolution as 07212602 to ensure the document could be filed and signed in sequence. The board voted by roll call to approve the resolution; members indicated "yes" during the roll call and the resolution passed.
