MUNICIPAL DOCKET
CITY OF LAUREL
FACT SHEET
COUNCIL MEETING DATE: 05/21/19 ITEM NO.
ITEM TITLE: POLICY AGENDA
INTRODUCED BY: ADMINISTRATION
CONTACT PERSON/TELEPHONE: MARY ANN HESS, MMC
SUMMARY EXPLANATION: Title
Consider adopting a Resolution Finding and Determining that the Resolution Entitled “Resolution Declaring The Intention Of The Mayor And City Council Of The City Of Laurel, Mississippi (The "City"), to either Issue General Obligation Bonds of the City, issue a General Obligation Bond of the City for sale to the Mississippi Development Bank, or enter into a Loan with the Mississippi Development Bank, all in an Aggregate Principal amount of not to exceed Three Million Dollars ($3,000,000) to raise money for the purpose of Establishing, Repairing, Improving, and Extending Sanitary, Storm, Drainage, or Sewerage Systems; Protecting Municipal Streets and Sidewalks from Overflow, Caving Banks, and other like dangers; Constructing, Improving, and Repairing Bridges and Culverts; Altering or changing the Channels Of Streams and Water Courses to Control Deflect Or Guide the Current Thereof; Repairing, Improving, and Equipping Municipal Buildings; and for Other Related Purposes as authorized under Mississippi Code Ann. Sections 21-33-301 Et Seq., as amended and supplemented from time to time, including paying for the cost of such Borrowing; Directing the Publication of a Notice of such Intention; and for related purposes” as adopted on April 16, 2019, was duly published as required by law; that no Petition or Other Objection of any kind or character against the Issuance Of General Obligation Bonds of the City, or the Issuance of a Qualified Obligation Bond of the City for purchase by The Mississippi Development Bank or for the City to borrow funds by entering into a Loan with The Mississippi Development Bank, all described in said Resolution was filed; and authorizing said Bonds and Loan to be Issued or Entered into, as the case may be.
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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 ______ _______ ________ _______
TONY WHEAT, WARD 2 ______ _______ ________ _______
TONY THAXTON, WARD 3 ______ _______ ________ _______
GEORGE CARMICHAEL, WARD 4 ______ _______ ________ _______
STACY COMEGYS, WARD 5 ______ _______ ________ _______
TRAVARES COMEGYS, WARD 6 ______ _______ ________ _______
ANTHONY PAGE, WARD 7 ______ _______ ________ _______
ACTION TAKEN: