File #: ID 19-3895    Version: 1 Name:
Type: Resolution Status: Passed
File created: 8/27/2019 In control: City Council
On agenda: 9/3/2019 Final action: 9/3/2019
Title: Consider adopting a Resolution of the Mayor and City Council of the City of Laurel, Mississippi (The "City"), approving the employment of professionals in connection with the issuance of refunding bonds of the City, in one or more series, in the principal amount of not to exceed three million dollars ($3,000,000), in the aggregate, to raise money for the purpose of refinancing all or a portion of the City's equipment lease purchase agreement No. 001543-1 dated as of August 30, 2017; and for other related purposes as authorized under Mississippi Code Ann. Sections 31-27-1 et seq., or Sections 31-15-1 et seq., as amended and supplemented from time to time, including paying for the cost of such borrowing; and for related purposes.
Attachments: 1. Laurel MS $3000000 GO Bonds (2019) (205874)- REFUNDING BOND, 2. Laurel GO Refunding Bonds 2019 - City MA (IRMA) Disclosure Eng Ltr (9.3.19)ButlerSnow_49102596v1, 3. Laurel MS $3000000 GO Ref Bonds (2019) (208682) - Engagment LetterButlerSnow_49079183v1, 4. Laurel GO G-17 Disclosure, 5. Laurel GO IRMA Rep letter

 

MUNICIPAL DOCKET

CITY OF LAUREL
FACT SHEET

                                                                                                                                                                                                                                                            

 

COUNCIL MEETING DATE: ___9/3/19___                     ITEM NO.                                          

 

ITEM TITLE:                      Policy Agenda

 

INTRODUCED BY:                     Administration

 

CONTACT PERSON/TELEPHONE:                       Mary Ann Hess, MMC

 

SUMMARY EXPLANATION: Title

Consider adopting a Resolution of the Mayor and City Council of the City of Laurel, Mississippi (The “City”), approving the employment of professionals in connection with the issuance of refunding bonds of the City, in one or more series, in the principal amount of not to exceed three million dollars ($3,000,000), in the aggregate, to raise money for the purpose of refinancing all or a portion of the City’s equipment lease purchase agreement No. 001543-1 dated as of August 30, 2017; and for other related purposes as authorized under Mississippi Code Ann. Sections 31-27-1 et seq., or Sections 31-15-1 et seq., as amended and supplemented from time to time, including paying for the cost of such borrowing; and for related purposes.

 

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EXHIBITS FOR REVIEW

 

RESOLUTION __X____   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: