May 24, 2022Asheville City Council
From the minutes, not yet reviewedWhat it does
Lets the City Manager pursue on behalf of the City of Asheville 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 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: Resolution Authorizing the City Manager or the Finance Director to pursue on behalf of the City of Asheville debt financing for capital projects with a Draw Program that includes the issuance of Interim Limited Obligation Bonds in an amount not to exceed $42,00,000 for construction of various general government capital projects
Carried unanimously, as part of the consent agenda
From the minutes: This motion was seconded by Councilwoman Wisler and carried unanimously by roll call vote.
Read the motion as recorded
“RESOLUTION NO. 22-99 - RESOLUTION AUTHORIZING THE CITY MANAGER OR THE FINANCE DIRECTOR TO PURSUE ON BEHALF OF THE CITY OF ASHEVILLE DEBT FINANCING FOR CAPITAL PROJECTS WITH A DRAW PROGRAM THAT INCLUDES THE ISSUANCE OF INTERIM LIMITED OBLIGATION BONDS IN AN AMOUNT NOT TO EXCEED $42,00,000 FOR CONSTRUCTION OF VARIOUS GENERAL GOVERNMENT CAPITAL PROJECTS”
Open the minutesConsent agenda, item B