Coversheet

	REQUEST FOR COUNCIL AGENDA The City of Hartsville	Agenda Date: 6/9/2020
To: City Council
From: City Manager

Ordinance Number: 4393 Resolution Number: - REGULAR MEETING

ORDINANCE/RESOLUTION CAPTION:

To enter into an installment purchase transaction to refinance a series of bonds issued.

BACKGROUND SUMMARY:

The Council Finance Committee is recommending to the full Council to redeem the Outstanding Financings in order to decrease annual debt service of the City and improve the City’s annual cash flows on a short-term basis.

IMPACT IF DENIED:

IMPACT IF APPROVED:

FINANCIAL IMPACT:

ATTACHMENTS:
	Description
	Ordinance 4393
	Ordinance 4393 - Exhibit A
	Ordinance 4393 - Exhibit B
	Ordinance 4393 - Agreement