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File #: RES2021-02    Version: 1 Name:
Type: Resolution Status: Passed
File created: 4/26/2021 In control: City Council
On agenda: 5/3/2021 Final action: 5/3/2021
Title: Approve Resolution 2021-02 authorizing the city to enter into a Sale Agreement and a Bond Purchase Agreement incident to the Downtown Smyrna Development Authority’s issuance of bonds in an amount not to exceed $29,000,000, with the proceeds to be used to design and construct certain projects within the 2022 SPLOST project list and fund other road and infra structure projects and authorize the Mayor to sign and execute all related documents.
Attachments: 1. Issue Sheet 2021-179 Bond Resolution.pdf, 2. Authorizing Resolution -RES2021-02- Downtown Smyrna DA (2021 Street Bonds) sac edits.pdf

Impact

WARD / COUNCILMEMBER:  City Wide

 

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Title

Approve Resolution 2021-02 authorizing the city to enter into a Sale Agreement and a Bond Purchase Agreement incident to the Downtown Smyrna Development Authority’s issuance of bonds in an amount not to exceed $29,000,000, with the proceeds to be used to design and construct certain projects within the 2022 SPLOST project list and fund other road and infra structure projects and authorize the Mayor to sign and execute all related documents.

 

Body

ISSUE AND BACKGROUND: 

 

RECOMMENDATION / REQUESTED ACTION:  Approve Resolution 2021-02 authorizing the city to enter into a Sale Agreement and a Bond Purchase Agreement incident to the Downtown Smyrna Development Authority’s issuance of bonds in an amount not to exceed $29,000,000, with the proceeds to be used to design and construct certain projects within the 2022 SPLOST project list and fund other road and infra structure projects and authorize the Mayor to sign and execute all related documents.