May 13, 2025Asheville City Council
From the minutes, not yet reviewedWhat it does
Adopts an initial resolution authorizing the City Manager or the Finance Director to pursue and negotiate on behalf of the City debt financing…
- Passed. Everyone present voted yes.
- The money, in the minutes' words: “McDowell explained that the notice said the financing was currently expected not to exceed $34 million, but staff is requesting Council to increase the amount to $35 million in order to provide staff with additional flexibility when we issue the debt in June.”
Official title: Council adopted an initial resolution authorizing the City Manager or the Finance Director to pursue and negotiate on behalf of the City debt financing associated with the $35 million 2025 Limited Obligation Bonds (LOBs) for McCormick Field improvements
Carried unanimously
From the minutes: This motion was seconded by Councilwoman Turner and carried unanimously.
Read the motion as recorded
“Councilwoman Ullman moved to adopt an initial resolution authorizing the City Manager or the Finance Director to pursue and negotiate on behalf of the City debt financing associated with the $35 million 2025 Limited Obligation Bonds (LOBs) for McCormick Field improvements.”
Open the minutesMotion text in the minutes