December 10, 2019Asheville City Council
From the minutes, not yet reviewedCouncil sets a public hearing on January 14, 2020.
Council voted to set a public hearing on January 14, 2020, on issuing long-term (20 year) General Obligation bonds related to the 2016 Bond Referendum introduction of Bond Order authorizing the issuance of General Obligation Refunding Bonds related to the 2016 Bond Referendum.
- Passed with the routine items, in one vote, without discussion.
- The money, in the minutes' words: “In May, 2018, Council authorized the issuance of a General Obligation Bond Anticipation Note in an amount not to exceed $23,000,000.”
What that means
- Consent agenda:
- Routine items Council approves together in one vote, without discussion. Any member can pull an item out for its own vote.
- Bonds:
- Bonds are loans the City pays back over many years, with interest.
- Public hearing:
- A time at a Council meeting when anyone can speak about the item before Council votes on it.
Official title: Resolution calling for a public hearing on January 14, 2020, to issue long-term (20 year) General Obligation bonds related to the 2016 Bond Referendum introduction of Bond Order authorizing the issuance of General Obligation Refunding Bonds related to the 2016 Bond Referendum
Carried unanimously, as part of the consent agenda
From the minutes: This motion was seconded by Councilman Young and carried unanimously.
Read the motion as recorded
“RESOLUTION NO. 19-271 - RESOLUTION CALLING FOR A PUBLIC HEARING ON JANUARY 14, 2020, TO ISSUE LONG-TERM (20 YEAR) GENERAL OBLIGATION BONDS RELATED TO THE 2016 BOND REFERENDUM INTRODUCTION OF BOND ORDER AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS RELATED TO THE 2016 BOND REFERENDUM”
Open the minutesConsent agenda, item H