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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 Final action:
Title: : General Obligation Bonds Resolution
Attachments: 1. Bond Resolution-Meck 2018 GO Bonds
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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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