Approval of Resolution 26-R-09 – Airport Improvement Revenue Note up to $19.1M
The Commission unanimously approved Resolution 26-R-09 authorizing the issuance of a taxable airport improvement revenue note of up to $19,100,000, maturing October 1, 2045, at a 5.16% interest rate. Flagstar Public Funding Corporation, an affiliate of Flagstar Bank, N.A., was selected through a competitive bidding process to fund the note.
How each commissioner voted
5 present
The Motion
“Approve Resolution 26-R-09 authorizing the issuance of not exceeding $19,100,000 City of Tallahassee, Florida Airport Improvement Revenue Note, Series 2026, with a final maturity of October 1, 2045, at an interest rate of 5.16%, delegating certain responsibilities to the City Treasurer-Clerk. Through a competitive bidding process, an affiliate of Flagstar Bank, N.A., Flagstar Public Funding Corporation, is recommended for this note.”
Approval of Resolution 26-R-09, authorizing issuance of the City of Tallahassee, Florida Taxable Airport Improvement Revenue Note, Series 2026 in an amount not to exceed $19,100,000
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