HOPE – The Hope City Board met in a short-called meeting Friday to finalize actions on an ordinance that establishes the maturity schedule the city’s waste disposal revenue bond. There was still a small amount of updating needed, and the matter was not considered at the regular June 16th meeting.
At the May 19th board meeting, members authorized the issuance and sale of the City’s Waste Disposal Revenue Bonds, Series 2026 in the
maximum aggregate principal amount of $3,000,000 for the purpose of financing a portion of the costs of improvements to the City’s solid waste collection and disposal system, including particularly, without limitation, the construction of a new Class 4 landfill cell, the acquisition of vehicles and equipment and improvements necessary to remediate contaminants.
With the assistance of Raymond James & Associates, Inc., arrangements were made for the sale of the bonds to the Rural Water Financing Agency.
The Board gave unanimous approval and declared an emergency. The meeting last about 10 minutes.