HomeMy WebLinkAboutCC-12-02-91-04 Ref.Sew Rev.BndA RESOLUTION DIRECTING THE CARMEL BOARD
OF PUBLIC WORKS AND SAFETY TO PROCEED
WITH THE REFUNDING OF THE EXISTING
SEWAGE WORKS REVENUE BONDS
WHEREAS, the City of Carmel has outstanding certain Sewage
Works Revenue Bonds; and,
WHEREAS, it is in the best interests of the Utility and its
customers that those Revenue Bonds be refunded by a cash payment;
and,
WHEREAS, it appears that a refunding of the outstanding
Revenue Bonds can be done such that a financial benefit will
inure to the Utility and its customers;
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the
City of Carmel, Indiana that:
The City of Carmel Board of Public Works and Safety is
directed to proceed, forthwith, with the refunding of the
existing Sewage Works Revenue Bonds, as recommended by H.J.
Umbaugh & Associates, the city's fiscal consultants.
Attest: ~ ~ 1'~/
· Jones, C Treasurer
car/resol.ref