Title
FY17 COMMERCIAL PAPER ISSUANCE (B)
Explanation
On September 15, 2016 upon second reading, the City Commission approved GRU’s 2017 budget. Included in that approved budget is a Commercial Paper issuance to provide $20,250,000 in capital funding for the Water and Wastewater systems during FY17. Staff would provide a brief presentation regarding the process of issuing Commercial Paper to the UAB prior to bringing this item to the City Commission on November 3, 2016.
Recommendation:
Hear a presentation from staff.
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