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Metropolitan Council

Tuesday, October 19, 2021 · Government meeting record

The 30-second read

Recorded outcome

The Nashville Metropolitan Council held a regular session to approve board appointments and acknowledge a $599.6 million bond issuance for water and sewer infrastructure. The council also conducted a public hearing regarding a beer permit exemption for the Nashville Zoo.

Why it matters

The council confirmed the issuance of $599,595,000 in bonds for water and sewer system improvements and debt refinancing, which impacts the city's long-term utility infrastructure and debt obligations.

What happens next

No later meeting or follow-up date is stated in the reviewed record.

An official outcome record - an action agenda or minutes - is published for this meeting.

Record text

No recording or transcript is held for this meeting.

Historic Metro Courthouse

1 Public Square, 2nd floor

Nashville, TN 37201

Metropolitan Nashville and

Davidson County, TN

Metropolitan Council

Meeting Minutes

6:30 PM Metropolitan CourthouseTuesday, October 19, 2021

Call to Order

The Metropolitan Council met in regular session on this date at 6:30 p.m. in the Metropolitan

Courthouse.

The invocation was offered by Council Member Robert Swope.

Pledge of Allegiance

The Metropolitan Council gave the pledge of allegiance to the American Flag.

Roll Call

The roll was called and the following members were present during the progress of the meeting:

Shulman, Mendes, Hurt, Allen, Glover, Suara, Hall, Toombs, Gamble, Swope, Parker, Withers,

Benedict, VanReece, Hancock, Young, Hagar, Bradford, Rhoten, Syracuse, Welsch, Sledge, Cash,

O'Connell, Roberts, Hausser, Druffel, Murphy, Pulley, Johnston, Nash, Vercher, Porterfield,

Sepulveda, Rutherford, Styles, Lee, Henderson, and Rosenberg (39). Absent: Evans and Taylor (2).

Approval of Minutes

The minutes of the regular meeting on October 5, 2021 were approved.

Message from the Mayor

Dear Vice-Mayor Shulman and Members of Council,

Pursuant to regulations of the Tennessee Comptroller’s Office, the attached Reports on Debt

Obligation must be submitted to the Metropolitan Council and presented at a meeting of that body

before filed with the Comptroller.

As previously approved by the Metropolitan Council, a new bond issuance for Metro’s Water and

Sewer Department became effective October 14, 2021. The Water and Sewer Revenue Bonds Series

2021A (Green Bonds) and Federally Taxable Water and Sewer Revenue Refunding Bonds Series

2021B (Green Bonds), for Council of the Metropolitan Government of Nashville and Davidson County,

is a commitment of $377,520,000 and $232,075,000, respectively. The proceeds of the Series 2021A

will be used for water and sewer system improvements and the 2021B Bonds will be used to achieve

debt service savings to partially refund Series 2013 and pay issuance cost.

Please find below a link to the City’s Investor Relations Page for additional information:

https://www.nashville.gov/departments/finance/office-treasurer/debt/investor-relations/documents.

As always, we appreciate the Metropolitan Council’s support on these important financing initiatives.

Sincerely,

John Cooper

Page 1 of 18

Official record

ArtifactSourceState
AgendaNot published in the sources we holdunavailable
Agenda packetNot published in the sources we holdunavailable
BudgetNot published in the sources we holdunavailable
Action agendaNot published in the sources we holdunavailable
Transcript or captionsNot published in the sources we holdunavailable
AttachmentNot published in the sources we holdunavailable

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  • Metropolitan Council — Minutes

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