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City of Atlanta and Fulton County Recreation Authority Park Improvement Revenue and Refunding Bonds ($39.48M) Authorized

  • When: 2025/05/19
  • Address: Citywide, Atlanta, GA
  • City: Atlanta
  • State: GA
  • Category: Infrastructure Development
  • Subcategory: Parks & Recreation
  • Asset Class: Land
  • Property Type: Parks
  • Size (Dollars): $39,480,000.00

This ordinance authorizes the Chief Financial Officer to establish the Series 2024 City of Atlanta and Fulton County Recreation Authority Bond Fund and amends the Fiscal Year 2025 budget to include bond proceeds. It adds anticipations and appropriations of $39,480,000 in principal from the 2024 AFC-RA Park Improvement Revenue and Refunding Bonds, plus a bond premium of $5,328,235.50. The measure supports financing for park improvement projects across the city. The Finance/Executive Committee-sponsored ordinance enables the Recreation Authority to fund renovations, upgrades, and maintenance of public park facilities. The bond fund structure includes both revenue and refunding bonds to optimize debt service.

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