HomeMy WebLinkAboutCalled Commission Meeting August 28, 2006
CALLED MEETING COMMISSON CHAMBER
August 28, 2006
Augusta Richmond County Commission convened at 12:00 Noon, Monday, August 28,
2006, the Honorable Deke Copenhaver, Mayor, presiding.
PRESENT: Hons. Holland, Smith, Grantham, Hatney, Williams, Beard, Cheek, Bowles
and Brigham, members of Augusta Richmond County Commission.
ABSENT: Hon. Brown, member of Augusta Richmond County Commission.
1.Consider approval of SPLOST V Bonds.
Mr. Shepard: We are asking the Commission today to take final action on a bond
resolution which will issue in general obligation bonds of the city of Augusta some $44 million
dollars in bonds. The purposes of those bonds are to advance fund as opposed to pay-as-you-go
fund two projects that are of great importance in this community. The Webster Detention Center
is one and the Exhibition Hall is another. The matter has been through a bidding process in
terms of determining the interest rate. The successful bidder was Merrill Lynch and we are
prepared to present the last resolution to you.
Ms. Diane McNabb: The winning bid was 3.63 and there were 12 bidders. I think you
can be very proud of the bids you received.
Mr. Cheek: I’m going to make a motion to approve.
Mr. Grantham: Second.
Motion carries 9-0.
[MEETING ADJOURNED]
Lena J. Bonner
Clerk of Commission