MUNICIPAL DOCKET
CITY OF LAUREL
FACT SHEET
COUNCIL MEETING DATE: _JUNE 4, 2024 ITEM NO.
ITEM TITLE: POLICY AGENDA
INTRODUCED BY: ADMINISTRATION
CONTACT PERSON/TELEPHONE: MAYOR JOHNNY MAGEE/601-428-6401/EXT.213
SUMMARY EXPLANATION: Title
Consider adopting RESOLUTION OF THE MAYOR AND CITY COUNCIL OF THE CITY OF LAUREL, MISSISSIPPI (THE "CITY"), DIRECTING AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS, SERIES 2024, IN ONE OR MORE SERIES, OF SAID CITY IN THE MAXIMUM PRINCIPAL AMOUNT OF THREE MILLION ONE HUNDRED FIFTEEN THOUSAND DOLLARS ($3,115,000) TO RAISE MONEY FOR THE PURPOSE OF PROVIDING FUNDS FOR (I) CONSTRUCTING, MAINTAINING, RECONSTRUCTING, IMPROVING, AND REPAIRING ROADS AND STREETS AND ACQUIRING RIGHTS-OF-WAY THEREFORE IF NECESSARY; (II) ERECTING, REPAIRING, IMPROVING, EXTENDING OR MAINTAINING WATERWORKS OR WATER DISTRIBUTION SYSTEMS, AND REPAIRING, IMPROVING AND EXTENDING THE SAME; (III) ESTABLISHING ERECTING, REPAIRING, IMPROVING, EXTENDING OR MAINTAINING SANITARY, STORM, DRAINAGE OR SEWERAGE SYSTEMS; (IV) CONSTRUCTING, MAINTAINING, RECONSTRUCTING, IMPROVING, AND REPAIRING BRIDGES AND CULVERTS; AND (V) FOR OTHER AUTHORIZED PURPOSES UNDER MISSISSIPPI CODE OF 1972 SECTIONS 21-33-301 ET SEQ., AS AMENDED AND SUPPLEMENTED FROM TIME TO TIME, PAYING THE COSTS OF BORROWING; AND FOR RELATED PURPOSES.
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EXHIBITS FOR REVIEW
RESOLUTION ______ ORDINANCE ______ CONTRACT ______ MINUTES ______
PLAN MAPS ______ ORDER ______ OTHER (SPECIFY)
SUBMITTAL AUTHORIZATION: COUNCILPERSON _____ MAYOR ______ CAO ______
COUNCIL ACTION: MOTION BY________________ SECONDED BY__________________
COUNCIL VOTE: YEAS NAYS ABSTAIN ABSENT
JASON CAPERS, WARD 1 ______ _______ ________ _______
KEVIN KELLY, WARD 2 ______ _______ ________ _______
TONY THAXTON, WARD 3 ______ _______ ________ _______
GEORGE CARMICHAEL, WARD 4 ______ _______ ________ _______
ANDREA ELLIS, WARD 5 ______ _______ ________ _______
GRACE AMOS, WARD 6 ______ _______ ________ _______
SHIRLEY JORDAN, WARD 7 ______ _______ ________ _______
ACTION TAKEN: