Approve Resolution 24-R-11: Issuance of up to $70,000,000 Capital Bonds, Series 2024
The Commission approved 3-2 the issuance of up to $70 million in Capital Bonds, Series 2024, through a negotiated sale. RBC was appointed as senior manager with Raymond James and Siebert Financial as co-managers. A substitute motion by Commissioner Matlow to delay until full Police Station cost estimates were available failed 2-3.
How each commissioner voted
5 present
The Motion
“Authorize, through a negotiated sale, the issuance of fixed-rate bonds by adopting Resolution 24-R-11, authorizing the issuance of not to exceed $70,000,000 City of Tallahassee, Florida Capital Bonds, Series 2024, delegating certain responsibilities to the Mayor and City Treasurer-Clerk, appointing RBC as senior manager and Raymond James & Associates and Siebert Financial Corporation to serve as co-managers for the sale of the issue.”
Approval of Resolution 24-R-11 authorizing issuance of not exceeding $70,000,000 Capital Bonds, Series 2024
📄BoardDocs · Apr 10, 2024 packet · page ↗