The City Council of Creola, Alabama authorizes the issuance of Series 2024-A Limited Obligation Certificate of Indebtedness for a project development agreement with Jack's Family Restaurants, LP. The resolution approves the project development agreement and the certificate of indebtedness, and authorizes the Mayor to execute and deliver the financing documents. The city also validates the legality of the proceedings and institutes validation proceedings in the Circuit Court of Mobile County, Alabama.
Details
Subject
issuance of the city's series 2024-a limited obligation certificate of indebtedness
Summary
The City Council of Creola, Alabama authorizes the issuance of Series 2024-A Limited Obligation Certificate of Indebtedness for a project development agreement with Jack's Family Restaurants, LP. The resolution approves the project development agreement and the certificate of indebtedness, and authorizes the Mayor to execute and deliver the financing documents. The city also validates the legality of the proceedings and institutes validation proceedings in the Circuit Court of Mobile County, Alabama.