RES 2015-22 Adopted RESOLUTION NO. 2015-22
DESIGNATING MUNICAP
AS A FINANCIAL CONSULTANT
FOR THE CITY OF NORTH AUGUSTA, SOUTH CAROLINA
WHEREAS, the City desires the services of a Financial Consultant to
develop a financial plan that utilizes special assessments to support debt issuance for
Project Jackson; and
WHEREAS, this plan will create an assessment district within the footprint
of Project Jackson that provides assurances to the City of North Augusta that anticipated tax
revenues for the project will be collected; and
WHEREAS, MuniCap has worked throughout the country assisting local
jurisdictions in setting up similar Municipal Improvement Districts (MID);
NOW THEREFORE, BE IT RESOLVED by the Mayor and City Council of
the City of North Augusta, South Carolina, in meeting duly assembled and by the authority
thereof, that MuniCap be designated as a Financial Consultant to the City of North Augusta
for the purposes of establishing a special assessment district within the Project Jackson
footprint, and that the City Administrator be authorized to sign all documents relating
thereto.
BE IT FURTHER RESOLVED that the funding for the Financial Consultant
shall come from the Tax Increment Financing Fund.
DONE, RATIFIED AND ADOPTED BY THE MAYOR AND CITY
COUNCIL OF THE CITY OF NORTH AUGUSTA, SOUTH CAROLINA, ON THIS
ZI DAY OF , 2015.
Lark W. Jones, Mayor
ATTEST:
Donna B. Young, City Clerk