Resolution 24-R-29 – Issuance of Fire Improvement Revenue Note (Fire Station 17), Up to $27M
The Commission unanimously approved issuance of up to $27 million in revenue notes to finance construction of Fire Station 17. TD Bank, N.A. was selected through competitive bidding, with a 30-year amortization at 4.21% interest maturing in 2044.
How each commissioner voted
5 present
The Motion
“Approve Resolution 24-R-19 authorizing the issuance of not exceeding $27,000,000 City of Tallahassee, Florida Fire Improvement Revenue Note (Fire Station 17), Series 2024, delegating certain responsibilities to the City Treasurer-Clerk. TD Bank, N.A. is recommended for this issuance. The debt service payment schedule is based on a 30-year amortization at an interest rate of 4.21%, with a final maturity of 10/1/2044.”
Approval of Resolution 24-R-29 Authorizing Issuance of City of Tallahassee, Florida Fire Improvement Revenue Note (Fire Station 17), Series 2024 in an amount not to exceed $27,000,000
📄BoardDocs · Jun 19, 2024 packet · page ↗