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City manager updates council on Certificates of Obligation and confirms A+ rating from S&P
Summary
City Manager James Fisher briefed the council on final steps for issuing Certificates of Obligation and reported that S&P verified the City's A+ credit rating; council took no action at the meeting.
City Manager James Fisher updated the council on the status of planned Certificates of Obligation issuance and reported that S&P has verified the city's A+ credit rating.
Fisher described the update as a status briefing; no formal action was requested or taken at the special meeting. The credit rating verification is a material factor for the city's borrowing costs should the council choose to proceed with issuance.
Council members did not move to take immediate action; staff will continue finalizing issuance steps and report back as needed.
