City of Gainesville - File #: 160469.

• File #: 160469.
• Version: 1
• Type: Discussion Item
• Status: To Be Introduced
• File created: 10/12/2016
• In control: Utility Advisory Board
• On agenda: 10/19/2016
• Title: FY17 COMMERCIAL PAPER ISSUANCE (B)

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.