File #: 16-161   
Type: Resolution (Non-Consent) Status: Passed
File created: 3/28/2016 In control: County Attorney
On agenda: 4/26/2016 Final action: 4/26/2016
Enactment date: 4/26/2016 Enactment #: 2016-128
Title: Commissioner Keigher - Resolution Relating to the Issuance of General Obligation School Bonds, Series 2016
Sponsors: Tom Keigher
Indexes: Bonds
Attachments: 1. Adopted 2016-128, 2. Resolution-Issuance of GO School Bonds Series 2016 Resolution

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Commissioner Keigher - Resolution Relating to the Issuance of General Obligation School Bonds, Series 2016

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STAFF CONTACT

Charles Moore - County Attorney - (704) 866-3194

BUDGET IMPACT
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The issuance of General Obligation School Bonds will increase the debt service of the County over the next few budget cycles.  The current estimate is an increase in the range of .80 cents to1.12 cents, depending on the amount of the issuance.

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BUDGET ORDINANCE IMPACT

There is minimal impact to the current budget ordinance.

BACKGROUND

This issue of bonds provides funding for the design and construction of an elementary school and a middle school.

POLICY IMPACT

N/A

ATTACHMENTS

RESOLUTION