Item Coversheet

  Town of Huntersville
REQUEST FOR BOARD ACTION
6/6/2016

REVIEWED:

To:                  The Honorable Mayor and Board of Commissioners

From:              Jackie Huffman/Greg Ferguson

Subject:          Approve 2016 Bond Resolutions and Call for Public Hearing

Our Bond Counsel, Scott Leo with Parker Poe has forwarded the following documents that require Board approval prior to our moving forward with the August 30 bond issue, specifically the two-thirds issue funding source for a portion of the Main Street upgrades.  There are two resolutions attached and a sworn statement of debt that documents our total debt outstanding and ratio of total debt as a percentage of the tax base.  Finally, there is a notice of calling for a public hearing on June 20 to allow the public an opportunity to speak about the bond issue.     


ACTION RECOMMENDED: 

Please take the following actions:

1.     Introduce Bond Order into the Record and adopt resolution calling a public hearing on bond order, directing publication of a notice of said public hearing and filing of a debt statement.

3.      Adopt resolution making certain statements of fact concerning proposed bond issue.

 
 
FINANCIAL IMPLICATIONS:

Formal procedures required to issue bonds. 

 



ATTACHMENTS:
DescriptionType
Bond order intro resolutionResolution
Statement of Facts ResolutionResolution
Statement of interestBackup Material
Sworn statement of Debt Backup Material
Notice of public hearing Backup Material