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Votes and next steps: Resolution 26-01 approved; April 3 special meeting set
Summary
Resolution 26-01 authorizing up to $7 million in revenue bonds was approved by voice vote; the board approved two documents today and scheduled a special meeting April 3 to approve three remaining financing documents ahead of bond pricing and closing dates in April–May.
At the meeting the authority approved Resolution 26-01 to authorize the issuance of revenue bonds not to exceed $7,000,000 and authorized execution of the installment purchase agreement and the indenture of trust.
The motion was moved and seconded and recorded as passed on a voice vote; the transcript records affirmative 'Aye' responses but does not include a roll-call tally. Staff said three additional documents (continuing disclosure certificate, purchase contract, preliminary official statement) were not ready and will be considered at a special meeting scheduled for April 3. The finance timeline provided at the meeting calls for rating activities the week of March 23, printing the preliminary official statement April 14, pricing the bonds the week of April 20 and closing the week of May 4.
