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File #:
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1002-24
Version:
A
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Name:
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Subject: Communication sponsored by Alder McCarthy, Regarding a Resolution Authorizing the Issuance and Sale of Up to $10,450,921 Wastewater Utility Revenue Bonds, Series 2024, and Providing for Other Details and Covenants With Respect Thereto, and approv
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Type:
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Communication
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Status:
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Passed
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On agenda:
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12/3/2024
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Final action:
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12/3/2024
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Title:
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Subject: Communication sponsored by Alder McCarthy, Regarding a Resolution Authorizing the Issuance and Sale of Up to $10,450,921 Wastewater Utility Revenue Bonds, Series 2024, and Providing for Other Details and Covenants With Respect Thereto, and approval of related $12,550,921 Financial Assistance Agreement
Recommendation of the Wastewater Commission on 11/20/24: To Approve with a Referral to the Finance & Personnel Committee.
Recommendation of the Finance and Personnel Committee on 11-25-2024: To authorize the execution of the Financial Assistance Agreement and the Issuance and Sale of up to $10,450,921.00 Taxable Wastewater Revenue Bonds, Series 2024, and Providing for Other Details and Covenants with Respect Thereto.
Fiscal Note: The $10,450,921.00 Bond at an interest rate of 2.2% from state revolving funds reflects principal forgiveness up to $2,100,000.00.
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Title
Subject: Communication sponsored by Alder McCarthy, Regarding a Resolution Authorizing the Issuance and Sale of Up to $10,450,921 Wastewater Utility Revenue Bonds, Series 2024, and Providing for Other Details and Covenants With Respect Thereto, and approval of related $12,550,921 Financial Assistance Agreement
Recommendation of the Wastewater Commission on 11/20/24: To Approve with a Referral to the Finance & Personnel Committee.
Recommendation of the Finance and Personnel Committee on 11-25-2024: To authorize the execution of the Financial Assistance Agreement and the Issuance and Sale of up to $10,450,921.00 Taxable Wastewater Revenue Bonds, Series 2024, and Providing for Other Details and Covenants with Respect Thereto.
Fiscal Note: The $10,450,921.00 Bond at an interest rate of 2.2% from state revolving funds reflects principal forgiveness up to $2,100,000.00.
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