TITLE
Title
RESOLUTION AUTHORIZING THE ISSUANCE OF $40,000,000 IN GENERAL OBLIGATION PUBLIC IMPROVEMENT BONDS, SERIES 2019A
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SPONSOR
Sponsor
Harley Will
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BACKGROUND
Background
The Board of Commissioners at the regular meeting on April 4, 2019 adopted the public building bond order in the amount of $30,000,000 and also the school facilities bond order in the amount of $10,000,000. The bonds will be issued as one consolidated bond issue in the principal amount of $40,000,000 and will be designated "General Obligation Public Improvement Bond, Series 2019A.
The Local Government Finance Act and Local Government Commission regulations require the Board of Commissioners adopt a Resolution Authorizing Issuance of the General Obligation Bonds.
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BUDGET IMPACT
Budget Impact
NO ADDITIONAL COUNTY FUNDS REQUIRED
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REQUESTED ACTION
Requested Action
Adopt Resolution Authorizing Issuance of Two-Thirds bonds to be designated as "General Obligation Public Improvement Bonds, Series 2019A" in an amount not to exceed forty million dollars ($40,000,000).
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