MUNICIPAL DOCKET
CITY OF LAUREL
FACT SHEET
COUNCIL MEETING DATE: __4/16/24__ ITEM NO.
ITEM TITLE: Policy Agenda
INTRODUCED BY: Administration
CONTACT PERSON/TELEPHONE: Mary Ann Hess, MMC
SUMMARY EXPLANATION: Title
Consider adopting a Resolution Declaring The Intention Of The Mayor And The City Council Of The City Of Laurel, Mississippi, To Issue General Obligation Bonds Of The City And/Or, Issue A General Obligation Bond Of The City For Sale To The Mississippi Development Bank And/Or Enter Into A Loan With The Mississippi Development Bank, All In An Aggregate Principal Amount Not To Exceed Three Million Five Hundred Thousand Dollars ($3,500,000) To Raise Money For The Purpose Of (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., And Sections 31-25-1 Et Seq., As Amended And Supplemented From Time To Time, Including Funding Capitalized Interest, If Applicable And Paying The Costs Of Borrowing; Directing The Publication Of A Notice Of Such Intention; 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: