A G E N D A Meeting Type: kJ D : L s bio p D ate O T
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On July 13, 1998, the City of Charlotte City Council held a meeting in Room 267 with a workshop agenda covering several items including a General Obligation Bond Referendum for Storm Water. The council discussed the 1997 resolution to transition the Storm Water program to a true Enterprise fund, phasing out the city's property tax contribution and using revenue bonds as a funding source for capital investment. A key issue involved state law constraints on storm water fee authorization when two government entities provide services through an interlocal agreement with Mecklenburg County, which created uncertainty for bond buyers regarding revenue guarantees, prompting the council to consider legislation authorizing the city to levy adequate storm water fees to service revenue bonds.
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