| | | | | | | | Council Communication
Department: Finance
Case/Project No.:
Submitted by: Kathryn Knott | Resolution 19-65
ITEM 5.C. | Council Action: 3/11/2019 |
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| | | | | | | | Description
Resolution authorizing the issuance and levying a tax for the payment of $7,630,000 General Obligation Bonds 2019. |
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| | | | | | | | Background/Discussion
The City of Council Bluffs intends to issue bonds, not to exceed $7,630,000. A resolution is required to include repayment of the debt in the debt levy with the Fiscal 2020 budget.
The total bond issuance is to provide funding for the FY20 CIP. |
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| | | | | | | | Recommendation
Adoption of the resolution is recommended. |
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