Item Coversheet


Item Title:
COMM re Debt Settlements

Item Detail:

1. COMMUNICATION, R. Renee Fernandes, Treasurer/Collector to Councillor Linda M. Morad, Chairperson, Committee on Finance, requesting a Finance Committee meeting to settle the balance of outstanding debt from the City’s private sale with Webster Bank and to secure some new money to advance projects.  This issue is short-term borrowing and entering the financial market again is not anticipated until spring of 2022.  (Ref’d 01/19/2021)



Additional Information:
ATTACHMENTS:
DescriptionType
S&P Rating 2021 - New BedfordCover Memo
N-21-02-16 New Bedford BAN POSCover Memo
Results of BAN sale and Fin Comm VoteCover Memo