TO: Mayor and Members of City Council
THRU: Timothy L. Bryant, CEO/General Manager,
Fayetteville Public Works Commission
FROM: Fayetteville Public Works Commission and
Bond Counsel, The Charleston Group
R. Johnathan Charleston, Esq.
Catherine R. Iwashita Bamba, Esq.
DATE: September 22, 2025
RE:Title
PWC - Approve Resolution of Bond Order Authorizing and Approving the Sale and Issuance under the Provisions of the State and Local Government Revenue Bond Act, as amended, of Not To Exceed $230,000,000 Aggregate Principal Amount of the City of Fayetteville, North Carolina, Public Works Commission Revenue Bonds, Series 2025 to Provide Funds for the Financing and Refinancing of Various Electric, Water, and Sanitary Sewer Capital Improvements and Directing the Authentication and Delivery of the Series 2025 Bonds
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COUNCIL DISTRICT(S):
Council District(s)
All
b
Relationship To Strategic Plan:
Goal 1 - Safe and Secure Community
Goal 3 - City Investment in Today and Tomorrow
Goal 4 - Desirable Place to Live, Work, and Recreate
Executive Summary:
The Fayetteville Public Works Commission approved a resolution approving and agreeing to the terms of a bond order authorizing the sale and issuance of Public Works Commission Revenue Bonds, Series 2025, by the City of Fayetteville, North Carolina, and requests the City Council adopt the bond order and take certain other actions in connection with such bonds
Background:
On September 10, 2025, the Fayetteville Public Works Commission adopted the attached Resolution PWC2025.30 and requests City Council adopt the bond order, in substantial form, at its September 22, 2025 meeting.
"Resolution Approving and Agreeing to the Terms of a Bond Order Authorizing the Sale and Issuance of Public Works Commission Revenue Bonds, Series 2025 by the City of Fayetteville, North Carolina, Requesting that the City Council of said City Adopt Such Bond Order and Taking Certain Other Actions ...
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