May 28, 2024Asheville City Council
From the minutes, not yet reviewedCouncil approves (1) a Resolution of the City Council of the City of Asheville, North Carolina, Directing the Publication of Notice of Intention.
Council voted to approve (1) a Resolution of the City Council of the City of Asheville, North Carolina, Directing the Publication of Notice of Intention to Apply to the Local Government Commission for Approval of Bonds; and (2) a Resolution of the City Council of the City of Asheville, North Carolina Making Certain Statements of Fact Concerning Proposed Bond Issue and Authorizing the Application to the Local Government Commission.
- Passed. Voted no: S. Antanette Mosley.
What that means
- Bonds:
- Bonds are loans the City pays back over many years, with interest.
More from the minutes
- “This first action will specifically authorize: (1) Publication of a notice of intent to apply to the Local Government Commission; and (2) Certain statements of fact concerning the proposed bonds and application to the Local Government Commission.”
- “Provide enhanced funding for transportation, parks and recreation, affordable housing, and public safety infrastructure needs as identified in City master plans and Council strategic goals utilizing GO Bonds, which come with the lowest possible interest rates.”
Official title: Council approved (1) a Resolution of the City Council of the City of Asheville, North Carolina, Directing the Publication of Notice of Intention to Apply to the Local Government Commission for Approval of Bonds; and (2) a Resolution of the City Council of the City of Asheville, North Carolina Making Certain Statements of Fact Concerning Proposed Bond Issue and Authorizing the Application to the Local Government Commission
Carried 5–1
From the minutes: This motion was seconded by Vice-Mayor Kilgore and carried on a 5-1 vote, with Councilwoman Mosley voting “no.”
Read the motion as recorded
“Councilwoman Turner moved to approve (1) a Resolution of the City Council of the City of Asheville, North Carolina, Directing the Publication of Notice of Intention to Apply to the Local Government Commission for Approval of Bonds; and (2) a Resolution of the City Council of the City of Asheville, North Carolina Making Certain Statements of Fact Concerning Proposed Bond Issue and Authorizing the Application to the Local Government Commission.”
Open the minutesMotion text in the minutes