MUNICIPAL DOCKET
CITY OF LAUREL
FACT SHEET
COUNCIL MEETING DATE: ____2/18/20__ 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 City Council of the City of Laurel, Mississippi, to issue General Obligation Bonds, issue revenue bonds or seek a loan from the Mississippi Development Bank to be paid with a portion of the Proceeds of the City’s Recreation and Public Improvement Promotion Tax in the Principal Amount not to exceed Four Million Five Hundred Thousand dollars ($4,500,000.00), for the purpose of providing funds (I) to pay for the establishment, development, construction, furnishing, equipping and erection of recreation facilities on land located within or in close proximity to the corporate limits of the City; (II) to pay the costs of issuance of the bonds; and (III) for other related purposes all as authorized by Sections 21-33-301 ET SEQ., Mississippi Code of 1972, as amended, by House Bill 1868, 1998 Regular Session of the Mississippi Legislature, and by Sections 31-25-1, et seq., Mississippi Code of 1972, as amended; and directing publication of notice of such intention to issue the bonds.
Body
___________________________________________________________________________
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 ______ _______ ________ _______
VACANT, WARD 6 ______ _______ ________ _______
ANTHONY PAGE, WARD 7 ______ _______ ________ _______
ACTION TAKEN: