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PROPOSED RESOLUTION
A RESOLUTION PROVIDING FOR THE COMPETITIVE NEGOTIATED SALE OF GENERAL OBLIGATION TAX ABATEMENT BONDS, SERIES 2024A
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This proposed resolution will authorize the Finance Director to take the next necessary step to issue $4,200,000 in general obligation tax abatement bonds to fund the renovation of the City-owned building to be used as a Childcare Center. Plans and specifications for the project are set to be on the February 13 Council agenda with bids received on March 1, Construction is slated to begin this April, financing proposals will be received on the morning of February 27 for Council consideration at their February 27 meeting.
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City Administrator Recommendation: City Council Adopt a Resolution Providing for the Competitive Negotiated Sale of General Obligation Tax Abatement Bonds, Series 2024A.