Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Housing Finance topic
No spam. Unsubscribe anytime.
Commission authorizes Housing Finance Authority to issue up to $80 million in single-family mortgage revenue bonds
Summary
At a legally advertised public hearing, the board authorized the Housing Finance Authority of Lee County to issue single-family mortgage revenue bonds not to exceed $80,000,000; county attorney noted the bonds would not constitute county liability.
At a public hearing, the board considered a request to authorize the Housing Finance Authority of Lee County to issue up to $80,000,000 in single-family mortgage revenue bonds.
Deputy County Attorney Michael Jacobs told commissioners the item had been legally advertised and clarified that the bond issuance would not be a liability of the county. "This is not a liability on behalf of the county," Jacobs said. The board asked no substantive follow-up questions; a commissioner moved the item, there was no public comment, and the motion carried.
The authorization permits the Housing Finance Authority to proceed with issuance within the not-to-exceed amount; the board did not adopt any county-level financial liability in connection with the authorization during the meeting.
