On Tuesday January 27, 2015 Harrisburg city council passed resolution #7 of 2015, the bill is a settlement agreement between the Coordinator of the City of Harrisburg, the City of Harrisburg, the Redevelopment Authority of the City of Harrisburg, and AGM to allow for adjustments of debt service requirements and bonds guaranteed by the City of Harrisburg.
Council member Ben Allatt, Susan Brown Wilson, and Brad Koplinski comment on the 1998 Bond deal orchestrated by former mayor Steve Reed.
This 1998 Bond deal should have never happened.
A look at the 1998 Bonds.
Purchase of Facilities (Verizon tower) $5.323.616.07
Deposit to Debt Service Reserve Fund $802,200.00
Cost of Issuance $785,708.93
Total $6.920,525.00
Revenue Bonds Series A of 1998.
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Archive videos of Harrisburg City Council January 27, 2015.
Harrisburg Coordinator Fred Reddig.
The relocation of 900 state workers to the Verizon tower.
Financial advisor Steven Goldfield.
15 to 17 million dollars of renovations to the office building.
The 41.68 million dollar liability of the city created be former mayor Steve Reed.
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Video of Harrisburg City Council 2013.
Steven Goldfield.
Reserving the City Island parking garage for state employees moving into the Verizon tower.
Photo/Natalie Cake file 2012.