The City of Roswell announced Tuesday that it was getting ready to issue a second round of general obligation bonds to fund a series of transformational projects.
A general obligation bond is “a municipal bond not secured by any assets; instead it is backed by the issuer’s power to tax residents to pay bondholders,” according to the U.S. government.
For Roswell, the new bonds to be issued are a second, and final, round for the projects. The city said they plan to issue $93.4 million, adding to the $86.2 million they released in 2023…