April 26, 2022Asheville City Council
From the minutes, not yet reviewedWhat it does
Lets the City Manager pursue and negotiate on behalf of the City debt financing for capital projects with a Draw Program…
- Passed with the routine items, in one vote, without discussion.
- The money, in the minutes' words: “Staff is seeking Council approval of the initial resolution authorizing the installment financing and related issuance of 2022 Interim Limited Obligation Bonds (LOBs) in an amount not to exceed $42,000,000.”
Official title: Initial resolution authorizing the City Manager or the Finance Director to pursue and negotiate on behalf of the City debt financing for capital projects with a Draw Program that includes an installment financing and the related issuance of Interim Limited Obligation Bonds in an amount not to exceed $42,000,000 for construction of various general government capital projects; and setting a Public Hearing for May 20, 2022, for public comment on the preliminary debt resolution
Carried unanimously, as part of the consent agenda
From the minutes: This motion was seconded by Councilwoman Kilgore and carried unanimously.
Read the motion as recorded
“RESOLUTION NO. 22-68 - INITIAL RESOLUTION AUTHORIZING THE CITY MANAGER OR THE FINANCE DIRECTOR TO PURSUE AND NEGOTIATE ON BEHALF OF THE CITY DEBT FINANCING FOR CAPITAL PROJECTS WITH A DRAW PROGRAM THAT INCLUDES AN INSTALLMENT FINANCING AND THE RELATED ISSUANCE OF INTERIM LIMITED OBLIGATION BONDS IN AN AMOUNT NOT TO EXCEED $42,000,000 FOR CONSTRUCTION OF VARIOUS GENERAL GOVERNMENT CAPITAL PROJECTS; AND SETTING A PUBLIC HEARING FOR MAY 20, 2022, FOR PUBLIC COMMENT ON THE PRELIMINARY DEBT RESOLUTION”
Open the minutesConsent agenda, item C