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26-0569
| 1 | 1. | Departmental Items | Consideration and action upon a resolution authorizing and approving the incurring of indebtedness by the Cleveland County Recreational and Entertainment Facilities Authority (herein the “Authority”) to be accomplished by the issuance of bonds, notes, or other evidences of indebtedness, on an interim or short term basis (the “BANs”), to be ultimately retired from the proceeds of a long-term bond issue expected to be issued within eighteen (18) months of the issuance of the BAN, said BAN to be issued in one or more series or issues, on a tax-exempt or taxable basis, either simultaneously or consecutively, in amounts deemed necessary by the Authority to further the development of the Arena Project, all issuances simultaneously or consecutively not to exceed the total aggregate principal par amount of Fifty Million Dollars ($50,000,000) for the financing of the acquisitions, design, construction, financing, furnishings, capital facilities and improvements, equipment, fixtures, site acquisition, site preparation, street improvements, relocation of offices, and other facilities, and maint | | |
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26-0570
| 1 | 2. | Departmental Items | Consideration and action upon a resolution authorizing the approval and execution of a declaration of official intent to seek reimbursement of pre-issuance expenditures from the BAN above authorized. | | |
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