City of High Point - File #: 2019-118

• File #: 2019-118
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 3/27/2019
• In control: City Council
• On agenda: 4/1/2019
• Final action: 4/1/2019
• Title: Resolution - 2019 Combined Enterprise System Revenue Bonds City Council is requested to adopt a resolution authorizing the issuance and sale of up to $72.4 million combined enterprise system revenue bonds in June 2019 for the following purposes: (1) to issue approximately $50 million in bonds to fund water and sewer projects approved by City Council and that have recently been completed or are currently under contract. (2) to refinance $18.2 million water and sewer revenue bonds issued in 2010 to a lower interest rate.

Date	Ver.	Action By	Action	Result
4/1/2019	1	City Council	adopted	Pass
3/28/2019	1	Finance Committee	recommended for approval, consent agenda	Pass

Title

Resolution - 2019 Combined Enterprise System Revenue Bonds

City Council is requested to adopt a resolution authorizing the issuance and sale of up to $72.4 million combined enterprise system revenue bonds in June 2019 for the following purposes:

(1) to issue approximately $50 million in bonds to fund water and sewer projects approved by City Council and that have recently been completed or are currently under contract.

(2) to refinance $18.2 million water and sewer revenue bonds issued in 2010 to a lower interest rate.

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