DEPARTMENT
Finance
REQUESTED ACTION (Identify appropriate Action or Motion, purpose, cost, timeframe, etc.)
title
Request approval of a Resolution of the Board of Commissioners of Fulton County, Georgia Authorizing the Issuance and Sale of Fulton County, Georgia General Fund Tax Anticipation Notes; Authorizing the Distribution and Use of a (a) Request for Bids and/or (b) Preliminary Official Statement and Notice of Sale, in each case relating to such Tax Anticipation Notes and the Solicitation of Offers for the purchase of the Notes and related matters. (APPROVED)
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REQUIREMENT FOR BOARD ACTION (Cite specific Board policy, statute or code requirement)
Approval of a Resolution to authorize issuance of the 2024 Tax Anticipation Notes and/or other alternative financing arrangement in an amount up to $225,000,000 and acceptance as allowed under The Temporary Loans provisions of the Georgia Constitution (Article IX, Section V, Paragraph V of the Georgia Constitution of 1983 and O.C.G.A. ? 36-80-2),
STRATEGIC PRIORITY AREA RELATED TO THIS ITEM (If yes, note strategic priority area below)
Open and Responsible Government
COMMISSION DISTRICTS AFFECTED
All Districts ?
District 1 ?
District 2 ?
District 3 ?
District 4 ?
District 5 ?
District 6 ?
IS THIS A PURCHASING ITEM?
No
SUMMARY & BACKGROUND (First sentence includes Agency recommendation. Provide an executive summary of the action that gives an overview of the relevant details for the item.)
Scope of Work: Fulton County plans to obtain a temporary loan through a Tax Anticipation Note (TAN) to support operations in anticipation of the receipt of taxes levied for the General Fund. The amount of the (TAN) will not exceed $225,000,000. The attached resolution authorizes the distribution of a preliminary official statement, the distribution of a notice of sale, and the solicitation of offers for the purchase through the Official Bid Form. Electronic bids are expected to be received in the Finance Department a...
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