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Council authorizes $755,000 general-obligation loan
Summary
The Fairfax City Council adopted a resolution authorizing a $755,000 general-obligation loan to fund corporate-purpose projects and provided for a tax levy to repay it; council moved, seconded and completed a roll-call vote to adopt the resolution.
The Chair opened a resolution authorizing and providing a loan agreement for the issuance of $755,000 in general-obligation corporate-purpose funds and the levy of taxes to repay it. The Chair said the final step was approving the loan agreement by resolution and asked for a motion; the motion was moved and seconded and the council completed a roll call vote.
Councilors did not debate the substance at length during the special meeting; staff had presented updated sale information in the packet. The Chair closed the item after the roll call. The resolution was adopted by council action; the transcript records a roll call but does not list individual vote names or a numeric tally in full.
