Otsego Economic Development Authority (EDA) Meeting December 09, 2024

City of Otsego Economic Development Authority · December 10, 2024

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Call to order and opening

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Madam president opened the December 9 meeting and welcomed attendees; meeting date announced and opening greetings exchanged.

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The City of Otsego Economic Development Authority approved issuance of lease revenue bonds (Series 2024A) to finance a new fire and emergency services building, and adopted a 2025 budget request including commissioner compensation; the bond sale drew one dissenting vote and questions about private-use restrictions and project cost contingencies.

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Transcript

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