Feb

Hampton City Council · February 1, 2026

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Item 1: Supplemental bond resolution introduced

Presentation

1:28 → 5:12(3m 44s)

City manager Ms. Bunting introduced a supplemental bond resolution to add two maturities from the Series 1998 refunding (2011 and 2012) to the previously authorized refunding package. She said adding the 2012 maturity yields about $100,000 additional savings in fiscal 2011 and raises net present-value savings for the full refunding to roughly $1.9 million ($950,000 in current-year dollars). Financial advisers from PFM (Joanne Carter) were present to answer questions but no formal presentation was planned.

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City council approved a supplemental bond resolution to add additional bond series for refunding, adopted an ordinance moving the public comment period to 6:00 p.m., and spent the bulk of the session on a budget work session reviewing community engagement, state revenue outlook and options to close an estimated $21.5 million budget gap.

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No transcript available.