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Council approves preliminary resolution for up to $45 million general obligation warrant to fund capital projects
Summary
Council adopted a preliminary resolution to authorize actions related to issuing General Obligation Warrant Series 2026, not to exceed $45,000,000, to fund multiple municipal capital improvements and school facility projects including a planned ~46,500 sq. ft. Athens Renaissance School facility.
Councilman Creasy introduced and the council adopted a preliminary resolution authorizing the city to proceed with actions toward issuance of General Obligation Warrant Series 2026 with aggregate principal not expected to exceed $45,000,000. The resolution describes funding capital improvements across the city and a specifically referenced roughly 46,500-square-foot adaptable-use facility at Athens Renaissance School; the council voted 5–0 after suspending rules to advance the matter.
The resolution also authorized preliminary execution of purchase contracts with underwriters (Frasier Lanier Company Incorporated named in the resolution) subject to later council approval when the final warrant issuance is authorized. Council recorded the roll-call vote as five yays and no nays.
