Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Bonds Administration topic
No spam. Unsubscribe anytime.
Council approves supplemental, draw and sweep resolutions tied to sewer bond financing
Summary
Following adoption of the sewer bond ordinance, the council unanimously approved a supplemental resolution, a draw resolution to pay invoices from the bonds, and a sweep resolution for automatic payments to the Municipal Bond Commission.
The Nutter Fort Town Council approved three administrative resolutions tied to the bond financing after adopting the sewer revenue bond ordinance. Councilor Charlene Louk moved to approve a Supplemental Resolution related to the bonds; the motion passed unanimously after a second by Councilor Karen Phillips. The minutes record similar unanimous approvals for a Draw Resolution authorizing payment of invoices from the bonds and a Sweep Resolution to automate payments to the Municipal Bond Commission.
These resolutions implement the administrative and cash-management mechanics needed to draw SRF funds, pay invoices, and ensure timely remittances to the bond commission. The minutes do not include numeric vote tallies; each action is recorded as having passed by "unanimous vote."
