Raymond James

Aldermen listen as a representative from investment company Raymond James speaks on the finances involved in the bond process for bonds related to the city's park system. Raymond James will act as the underwriter for the bonds.

Aldermen took another step on the road toward Cornerstone Park on Tuesday night by authorizing the issuance, but not issuing, bonds to help fund the project. By a vote of 4-3, a bond package of up to $25 million was authorized Tuesday during the Board of Aldermen's regular meeting. Ward 1 Alderman Ben Carver, Ward 7 Alderman Henry Vaughn and Vice Mayor Roy A.’ Perkins voted against the bonds.

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