...Sale Date: Negotiated sale, on or about Oct. 17. Series: Limited Obligation Bonds (Coliseum Project Bonds), Series 2018A and Series 2018B. Purpose: The proceeds of the series 2018A and 2018B bonds will be used to prepay the outstanding principal of the series 2016A and 2016B limited obligation notes, pay the remaining costs of improvements to Greensboro's (the city) coliseum complex and refund the outstanding series 2010 certificates of participation. Security: The limited obligation bonds (LOBs) are payable from payments made by the city subject to annual appropriation. The city's obligation under the trust agreement is secured by a deed of trust from the city to the trustee, granting a first lien on the mortgaged property....
