August 31, 2017 City Council Regular Meeting
Motion to Adopt Resolution Authorizing a Contract with the Downtown Savannah Authority (DSA) and Approving the Issuance of Bonds by the Downtown Savannah Authority

A resolution to authorize a contract to secure and to approve the issuance of approximately $6,585,000.00 in Downtown Savannah Authority Revenue Bonds (City of Savannah Projects), Series 2017 for the purposes of:

1) acquiring and constructing roadway improvements to Gwinnett Street to improve access to the new arena site

2) funding all issuance costs of the bonds.   

Competitive bids for the bonds are scheduled to be received on the morning of Thursday, August 31, 2017.  The exact amount of the bonds to be issued is subject to adjustment based on the amount of premium/discount that may be offered by the best bid received on August 31, 2017 and will be reported to Council at the meeting. The bond issue is being sized to net approximately $6,585,000.00 to fund the project.



David Maxwell, CFO
Financial Impact
Review Comments
Memo to CM regarding 2017 bond issues GO and DSA.pdf
2017 DSA Bond res-bond (v3) 08-10-17.pdf
DSA 2017 Bond Intergovernmental contract (v3) 08-10-17.pdf
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