Council to authorize $50M school building bond
If approved, would authorize $50 million in general obligation bonds to fund public school building projects. Bonds must be repaid by taxpayers over time.
Item #98
Regular City Council Meeting
City pays judgment to State of Alabama in lawsuit against Woodfin
Legal & Settlements
The city must pay a court judgment ordered in a lawsuit brought by the State of Alabama. The full judgment amount is unclear from the agenda text, but this represents a financial obligation to settle the case.
Counterparty:
State of Alabama
Funding source:
General Fund
Action type:
Settlement