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Nutter Fort council approves supplemental, draw and sweep resolutions for 2024 bonds
Summary
Council unanimously approved a set of bond-administration resolutions — supplemental, draw and sweep — to implement the 2024 sewer revenue financing, each moved and seconded by council members as recorded in the minutes.
At the Oct. 29 special meeting the Nutter Fort Council approved three resolutions to administer the town’s 2024 sewer revenue financing: a supplemental resolution, a draw resolution to allow payment of invoices from the bonds, and a sweep resolution enabling automatic payments to the Municipal Bond Commission.
According to the minutes, each measure was approved by unanimous vote. The supplemental resolution was moved by Councilor Charlene Louk and seconded by Councilor Karen Phillips; the draw resolution was moved and seconded by the same councilors; the sweep resolution was moved by Councilor Charlene Louk and seconded by Councilor Bryan Gonzalez. The minutes do not provide individual roll-call votes or additional detail about the operational mechanics for draws or sweeps.
