August 27, 2024Asheville City Council
From the minutes, not yet reviewedWhat it does
Lets the City Manager pursue and negotiate on behalf of the City debt financing associated with the refunding of the $42 million…
- Passed with the routine items, in one vote, without discussion.
- The money, in the minutes' words: “The City issued its most recent interim LOBs in June 2022 in an amount not to exceed $42 million.”
Official title: Initial resolution authorizing the City Manager or Finance Director to pursue and negotiate on behalf of the City debt financing associated with the refunding of the $42 million 222 Limited Obligation Bonds, and setting a Public Hearing for September 10, 2024, to receive public comment on the financing
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. 24-178 - INITIAL RESOLUTION AUTHORIZING THE CITY MANAGER OR FINANCE DIRECTOR TO PURSUE AND NEGOTIATE ON BEHALF OF THE CITY DEBT FINANCING ASSOCIATED WITH THE REFUNDING OF THE $42 MILLION 222 LIMITED OBLIGATION BONDS, AND SETTING A PUBLIC HEARING FOR SEPTEMBER 10, 2024, TO RECEIVE PUBLIC COMMENT ON THE FINANCING”
Open the minutesConsent agenda, item H