City issues $4 million GO Bond
$4 million bond issued for capital improvements
The Mayor and City Council approved the issuance of a $4 million general obligation bond at the special-called council meeting on Thursday, December 10, 2009. The bondholder is First Tennessee Financial Capital Markets of Memphis, Tennessee, who won the bid to hold the bond.
The $4 million will be used for matching funds for the expansion of City Hall, the Scenic Overlook Project and the Central Avenue Project. The cost of these projects is estimated to be approximately $17.5 million. Funding of the projects is being provided by the Miss. Development Authority (MDA), Gulf Regional Planning and the City of D’Iberville.
