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Council authorizes issuance of Taxable General Obligation Bonds, Series 2026A, and schedules refinancing hearing
Summary
Council approved a loan agreement and authorized sale of Taxable General Obligation Bonds, Series 2026A (Resolution No. 2026‑97) to finance capital projects and set a public hearing on bond refinancing for July 14, 2026 (Resolution No. 2026‑98); staff noted the CIP public hearing had been held March 24, 2026.
The Council authorized a Loan Agreement and the sale of Taxable General Obligation Bonds, Series 2026A, to support the city's capital improvements program and adopted Resolution No. 2026‑97 approving the action.
Finance Director Ann Hester reminded the Council that the public hearing on the Capital Improvements Projects financing was held March 24, 2026. The Council also fixed a date for a public hearing on bond refinancing (July 14, 2026) by adopting Resolution No. 2026‑98. These steps authorize staff to proceed with the financing necessary for upcoming capital projects and set the administrative timeline for refinancing considerations.
