This resolution authorizes the issuance, sale, and payment of water and sewer revenue refunding and improvement bonds for Nashville in an amount not to exceed $700,000,000. It supplements a previous resolution (RS2010-1442) and sets forth the terms for these financial instruments. The measure aims to support water and sewer system improvements and potentially refinance existing debt.
Resolution supplementing Substitute Resolution No. RS2010-1442 to authorize the execution, terms, issuance, sale and payment of water and sewer revenue refunding and improvement bonds in an aggregate principal amount of not to exceed $700,000,000.
What it does
- 1Authorizes issuance of water and sewer revenue refunding and improvement bonds up to $700 million
- 2Specifies terms for execution, sale, and payment of the bonds
- 3Supplements Substitute Resolution No. RS2010-1442
This resolution authorizes the issuance, sale, and payment of water and sewer revenue refunding and improvement bonds for Nashville in an amount not to exceed $700,000,000. It supplements a previous resolution (RS2010-1442) and sets forth the terms for these financial instruments. The measure aims to support water and sewer system improvements and potentially refinance existing debt.
Legislative history
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