Consider approval of an Order authorizing the issuance, sale and delivery of up to $15,000,000.00 in aggregate principal amount of "Certificates of Obligation, Series 2025A"; securing the payment thereof by authorizing the levy of an annual ad valorem tax

Staff Report & Agenda Item Details

Consider approval of an Order authorizing the issuance, sale and delivery of up to $15,000,000.00 in aggregate principal amount of "Certificates of Obligation, Series 2025A"; securing the payment thereof by authorizing the levy of an annual ad valorem tax and a pledge of certain surplus revenues of the County's hospital system; approving and authorizing the execution of all instruments and procedures related thereto including a paying agent/registrar agreement and a purchase contract; approving the form of an official statement; and declaring an effective date.

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 8.7/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).