Roswell Public Facilities Authority Meeting
Roswell Public Facilities Authority
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Aug 07, 2025 at 12:00 PM
Meeting Information
A special called meeting of the Roswell Public Facilities Authority to address financial matters, including the approval of a significant revenue bond for land acquisition for parks and recreation, and related intergovernmental agreements.
Meeting Summary
Financial Approvals
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The Roswell Public Facilities Authority (PFA) approved a resolution for the issuance of its revenue bond Series 2025, in the principal amount of $10,000,000, to finance the acquisition of land for parks and recreation, including architecture, design, and engineering costs for the City of Roswell. [Roswell Public Facilities Authority (PFA) Agenda p.1] [Roswell Public Facilities Authority (PFA) Minutes p.1] [Video 00:03:46]
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The approved bond is a 20-year proposal from Webster Bank at a fixed rate of 4.535%, projected to save approximately $130,000 annually compared to a 15-year option, and offers prepayment flexibility starting in 2029 with no penalty after seven years. [Video 00:05:38] [Video 00:05:42] [Video 00:06:25]
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An Intergovernmental Lease Agreement (IGA) with the City of Roswell was also approved, establishing a dollar-for-dollar payment stream from the city to the PFA to service the debt, with the first payment scheduled for September 1, 2026, avoiding impact on the 2025 fiscal year budget. [Roswell Public Facilities Authority (PFA) Agenda p.1] [Roswell Public Facilities Authority (PFA) Minutes p.1] [Video 00:09:30] [Video 00:08:12]
Meeting Logistics
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The minutes from the Roswell Public Facilities Authority (PFA) meeting held on July 15, 2025, were approved by a vote of 6 to 0. [Roswell Public Facilities Authority (PFA) Agenda p.1] [Roswell Public Facilities Authority (PFA) Minutes p.1] [Video 00:02:29]
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on Aug 20, 2025
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