File #: 17-127   
Type: Public Hearing Status: Passed
File created: 4/5/2017 In control: County Attorney
On agenda: 4/25/2017 Final action: 4/25/2017
Enactment date: 4/25/2017 Enactment #: 2017-096
Title: Public Hearing - RE: Commissioner Brown - County Attorney - To Approve Issuance by the Public Finance Authority of its Education Revenue Bonds (Mountain Island Charter School) Series 2017 in an Aggregate Principal Amount Not to Exceed $45,000,000 1. Receive Citizen Comment 2. Accept Motion to Adopt Resolution
Sponsors: Chad Brown
Attachments: 1. Adopted 2017-096, 2. Resolution & Minutes Extract Mtn Island Charter

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Public Hearing - RE: Commissioner Brown - County Attorney - To Approve Issuance by the Public Finance Authority of its Education Revenue Bonds (Mountain Island Charter School) Series 2017 in an Aggregate Principal Amount Not to Exceed $45,000,000

1. Receive Citizen Comment

2. Accept Motion to Adopt Resolution

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STAFF CONTACT

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

BUDGET IMPACT
budget

N/A

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BUDGET ORDINANCE IMPACT

N/A

BACKGROUND

Mountain Island Charter School is pursuing a bond financing through the Public Finance Authority, a national issuer, to refinance its existing tax exempt bonds and to finance the construction of additional improvements on its campus.  In order to complete the financing, the tax code requires that there be a public hearing held by the elected officials of the jurisdiction in which the project is located, followed by a resolution approving the issuance of the Bonds for purposes of the Code (“TEFRA approval”). 

POLICY IMPACT

N/A

ATTACHMENTS

Resolution