General Obligation Bonds Approval of a motion to begin the process as to the issuance of up to $35,000,000 (approximately 2 mills annually) in General Obligation Bonds for urban redevelopment to be approved on the November 2013 ballot. Said GO Bonds referendum to be initiated with the approval of a resolution declaring the necessity for urban redevelopment within the City pursuant to Georgia Urban Redevelopment Law. It is further brought forward for a motion to employ financial consultant, Diane McNabb and Bond Attorney, Teresa P. Finisters advisors in the process. Proposed resolution for consideration to be presented at meeting to determine amount, projects, and defined area. This item was requested by Mayor Tumlin.

Committee

ECONOMIC/COMMUNITY DEVELOPMENT COMMITTEE

Introduced

March 20, 2013

Passed

April 17, 2013