Public Hearing: YES ☐ NO ☒ Department: Chief Executive Office
SUBJECT:
Title
Commission District(s): All Districts
A resolution authorizing the preparation and distribution of a request for proposals (Request for Proposals) for
the solicitation of competitive bids from financial institutions for the purchase of the County's Tax
Anticipation Note - 2025A, due December 16, 2025, in the aggregate principal amount not to exceed
$114,480,000 (2025A TAN) for the purposes of obtaining a temporary loan to pay current expenses during the
2025 calendar year. PFM Financial Advisors LLC, the County's Municipal Advisor, will assist the County in
preparing the Request for Bids and conducting a competitive process.
Body
Information Contact: Dianne McNabb, CFO, and Bob Atkins, Treasurer
Phone Number: 404-371-2174 and 678-910-5638
PURPOSE:
To consider adopting a resolution authorizing the preparation and distribution of a Request for Bids for the
solicitation of competitive bids from financial institutions for the purchase of the County's 2025A TAN in an
aggregate principal amount not to exceed $114,480,000 for the purposes of obtaining a temporary loan to pay
current expenses during the 2025 calendar year.
NEED/IMPACT:
To fund a portion of County operations until the collection of 2025 property tax revenues in the fall
FISCAL IMPACT:
Current estimated net interest cost is 3. 75% per annum. Approximately $75,000 cost of issuance.
RECOMMENDATION:
Recommended Action
Adopt the attached resolution and authorize the Chief Executive Officer and the Chief Financial Officer to execute all necessary documents in connection with this matter.