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Council approves first reading by title of tax anticipation note; one member opposes without numbers
Summary
An ordinance authorizing a tax anticipation note was read by title only and approved for first reading; Councilman Marvin Love opposed the title-only approval, saying he wanted to see numbers before approving.
Hampton County Council heard a first reading, by title only, of an ordinance to authorize issuance of a tax anticipation note at its June 22 meeting.
Councilman Jordan Jinks moved to approve the ordinance by title only; Councilman Dennis Thompson seconded. Councilmen Thompson, Roy Hollingsworth, Darrin Williams and Jordan Jinks voted in favor of title-only approval; Councilman Marvin Love voted opposed, noting he "wants to see some numbers." The motion to approve by title passed.
The transcript records the title-only reading and the recorded vote but does not include the note's principal amount, interest rate, intended use of proceeds, or repayment schedule. Councilman Love's opposition indicates at least one member sought additional financial detail before advancing the measure beyond a title reading.
