Summary On January 14, 2019, the City Commission adopted Resolution 19-03 authorizing the issuance of the $4,500,000 Capital Improvement Revenue Note, Series 2019 (Series 2019 Note) to fund infrastructure projects related to:
1) Alachua East Wastewater Collection Infrastructure Improvement Area;
2) Alachua West Wastewater Collection Infrastructure Improvement Area; and,
3) Alachua West Water Distribution Infrastructure Improvement Area.
On January 22, 2019, the closing transaction for the Series 2019 Note was completed.
Resolution 19-04 provides for the necessary budget transaction to utilize Series 2019 Note proceeds (inclusive of any interest earnings) for the Infrastructure Improvement Area projects.
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