Council amends borrowing-intent resolution, adds $60 million upper figure
The council adopted a resolution declaring official intent to reimburse project expenditures from future borrowing and approved an amendment setting a $60,000,000 not-to-exceed figure in section 2; staff clarified the resolution does not obligate issuance of debt.
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The Common Council considered and adopted a resolution declaring the city’s official intent to reimburse certain project expenditures from proceeds of future borrowing and approved an amendment to set a $60,000,000 not-to-exceed figure in the resolution’s section 2.
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