File #: ID 19-3919    Version: 1 Name:
Type: Resolution Status: Passed
File created: 9/10/2019 In control: City Council
On agenda: 9/17/2019 Final action: 9/17/2019
Title: Consider adopting a Resolution of the Mayor And City Council of the City Of Laurel, Mississippi Authorizing And Directing The Issuance Of Not To Exceed $2,875,000 City Of Laurel, Mississippi General Obligation Refunding Bonds, Series 2019 For The Purpose Of Acquiring Certain Equipment Described In And Financed Pursuant To The City's Tax Exempt Equipment Lease Purchase Agreement No. 001543-1 Dated As Of August 30, 2017; Prescribing The Form And Details Of Said Bonds; Directing The Preparation, Execution And Delivery Of Said Bonds; Providing Certain Covenants Of Said City In Connection With Said Bonds; Authorizing The Negotiated Sale And Private Placement Of Said Bonds; Approving The Form Of And The Execution And Delivery Of A Bond Purchase Agreement Or Private Placement Agreement In Connection With The Sale Of Said Bonds; Approving The Form Of And The Preparation And Distribution Of A Preliminary Official Statement Or Preliminary Placement Agreement, As Applicable, In Connection With Sa...
Attachments: 1. Laurel MS GO Ref Bond (2019) (208682) - Bond ResolutionButlerSnow_49201611v1, 2. Laurel MS NTE $2875000 GO Ref. Bond (2019) (208682) - BPAButlerSnow_49241815v1, 3. Laurel MS NTE $GO Ref Bond (2019) (208682) - Private Placement AgreementButlerSnow_49240219v1, 4. Laurel - GO Refunding 2019 - Form of the POSButlerSnow_49238382v1, 5. Laurel MS GO Ref Bond (2019) (208682) - Escrow AgreementButlerSnow_49251129v1

MUNICIPAL DOCKET

CITY OF LAUREL
FACT SHEET

                                                                                                                                                                                                                                                            

 

COUNCIL MEETING DATE: ___9/7/19__                                        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 Authorizing And Directing The Issuance Of Not To Exceed $2,875,000 City Of Laurel, Mississippi General Obligation Refunding Bonds, Series 2019 For The Purpose Of Acquiring Certain Equipment Described In And Financed Pursuant To The City’s Tax Exempt Equipment Lease Purchase Agreement No. 001543-1 Dated As Of August 30, 2017; Prescribing The Form And Details Of Said Bonds; Directing The Preparation, Execution And Delivery Of Said Bonds; Providing Certain Covenants Of Said City In Connection With Said Bonds; Authorizing The Negotiated Sale And Private Placement Of Said Bonds; Approving The Form Of And The Execution And Delivery Of A Bond Purchase Agreement Or Private Placement Agreement In Connection With The Sale Of Said Bonds; Approving The Form Of And The Preparation And Distribution Of A Preliminary Official Statement Or Preliminary Placement Agreement, As Applicable, In Connection With Said Bonds; Directing The Preparation And Distribution Of A Final Official Statement Or Private Placement Memorandum, As Applicable, In Connection With Said Bonds; Approving The Form Of And The Execution And Delivery Of An Escrow Trust Agreement In Connection With Said Bonds And Said Refunded Lease; 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: