DEPARTMENT
Finance
REQUESTED ACTION (Identify appropriate Action or Motion, purpose, cost, timeframe, etc.)
title
Presentation and approval of a Resolution authorizing the financing of the Fulton County Jail Improvement project, including execution, delivery and performance of an Intergovernmental Agreement with the South Fulton Municipal Regional Jail Authority relating to the Issuer's Jail Facilities Improvement Revenue Bonds (Fulton County Jail Improvement Project), which may be issued in one or more series or subseries, at one time or from time to time in the maximum aggregate principal amount not to exceed $1,363,000,000.00 to finance all or a portion of the planning, design, acquisition, construction, equipping and completion of various renovations, additions and improvements to the Fulton County jail in one or more phases, and to pay costs of issuance of the bonds; ratifying, approving and authorizing, as the case may be, the preparation, use, execution, delivery and performance of a preliminary and final official statement(s), a continuing disclosure agreement and such other documents and certifications related to the bonds: and for other purposes.
body
REQUIREMENT FOR BOARD ACTION (Cite specific Board policy, statute or code requirement)
Treasury Regulation. ? 1.150-2
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: This Resolution announces the County's intent to begin a Jail facility construction program, which is being financed through an Intergovernmental Agreement with the South Fulton Municipal Regional Jail Authority. The Present...
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