June 25, 2024Asheville City Council
From the minutes, not yet reviewedWhat it does
Directs the application to the Local Government Commission for the 2024 water system revenue Bonds.
- Passed with the routine items, in one vote, without discussion.
- The money, in the minutes' words: “To cover the expenses from the AMI project, debt issuance costs, and provide funding for other eligible water system capital expenses, staff plans, in consultation with our financial advisors and bond counsel, to issue the debt in an amount not to exceed $30 million.”
More from the minutes
- “In July 2022, City Council adopted resolutions providing staff with authorization to enter into various contracts related to the Water System’s Advanced Metering Infrastructure (AMI) Project.”
Official title: Resolution directing the application to the Local Government Commission for the 2024 water system revenue Bonds
Carried unanimously, as part of the consent agenda
From the minutes: This motion was seconded by Councilwoman Turner and carried unanimously.
Read the motion as recorded
“RESOLUTION NO. 24-130 - RESOLUTION DIRECTING THE APPLICATION TO THE LOCAL GOVERNMENT COMMISSION FOR THE 2024 WATER SYSTEM REVENUE BONDS”
Open the minutesConsent agenda, item B