Mecklenburg County - File #: 18-4842

• File #: 18-4842
• Version: 1
• Name: General Obligation Bonds Resolution
• Type: Staff Reports & Requests
• Status: Staff Reports & Requests
• File created: 7/19/2018
• In control: Finance
• On agenda: 8/8/2018
• Title: : General Obligation Bonds Resolution

Title:

General Obligation Bonds Resolution

Summary

ACTION:

Adopt Resolution Authorizing Issuance of Bonds (Public Improvement Bonds)

Staff Contact:                      Sarah A. Lyberg, Finance Director

Presentation:                      Yes                                          

BACKGROUND/JUSTIFICATION:

This action will authorize the issuance of $150 million in general obligation bonds, as part of the financing for the approved FY 2019 CIP. The bond issue includes $125 million of School Facilities bonds, of which $58 million were authorized in the November 2013 referendum and $67 million were authorized in the November 2017 referendum. In addition, it includes $25 million in Park bonds authorized in the November 2008 referendum.

PROCUREMENT BACKGROUND:

N/A

POLICY IMPACT:

N/A

FISCAL IMPACT:

N/A