Consider adopting a RESOLUTION OF THE MAYOR AND CITY COUNCIL OF THE CITY OF LAUREL, MISSISSIPPI RATIFYING AND CONFIRMING THE DESIGNATION OF THE CITY'S OBLIGATION IN THE ORIGINAL PRINCIPAL AMOUNT OF $268,904.52 UNDER A MUNICIPAL LEASE-PURCHASE AGREEMENT BETWEEN THE CITY OF LAUREL, MISSISSIPPI AND CITIZENS NATIONAL BANK OF MERIDIAN AS A "QUALIFIED TAX-EXEMPT OBLIGATION" PURSUANT TO SECTION 265(B)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED; AND FOR OTHER RELATED PURPOSES.

What this record is

Amount

$269K

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

purchase

Field

Real estate

real estate contracts in MS that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

Read automatically from the title of the official record. The source document below is authoritative.

Committee

City Council

Requested by

City Clerk's Office

Introduced

October 9, 2026

On agenda

October 20, 2026

Where it was heard

City Council Oct 20, 2026

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