City of Crossville - File #: 15-0329

• File #: 15-0329
• Version: 1
• Name: $2M Initial Resolution
• Type: Resolution
• Status: Passed
• File created: 7/31/2015
• In control: City Council
• On agenda: 8/13/2015
• Final action: 8/13/2015
• Title: Initial Resolution authorizing the incurrence of indebtedness not to exceed $2,000,000
• Sponsors: City Clerk, Finance Department
• Related files: 15-0330

Date	Ver.	Action By	Action	Result
8/13/2015	1	City Council	approved as recommended	Pass
8/6/2015	1	Work Session	received and filed

Title

Initial Resolution authorizing the incurrence of indebtedness not to exceed $2,000,000

Body

SUMMARY:

The Initial Resolution to borrow money for the street paving and park and recreational facilities through the Tennessee Municipal Bond Fund must be adopted to start the process.  With the adoption of this resolution, the City Clerk will publish notice of the intention to issue the debt.

BUDGET ACCOUNT:

Recommended Action

NECESSARY COUNCIL ACTION:  Adopt Initial Resolution