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Council adopts sweep resolution to automate bond payments to Municipal Bond Commission
Summary
Council approved a sweep resolution enabling automatic payments of bond obligations to the Municipal Bond Commission after a motion by Councilor Charlene Louk and seconded by Councilor Bryan Gonzalez; vote unanimous.
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The council voted to approve a sweep resolution to allow automatic payment of bond obligations to the Municipal Bond Commission.
Councilor Charlene Louk moved to approve the sweep resolution; Councilor Bryan Gonzalez seconded. The resolution passed by unanimous vote. The minutes identify this action as part of new business on bond administration; the text does not include the procedural details of the sweep arrangement.
