Council approves limited‑tax loan to fund ARC project; bond counsel explains terms The council unanimously approved File 2025‑0367 authorizing a limited‑tax loan (described under Louisiana statute as a limited‑tax bond) to be placed with a local bank (recommended by placement agent DA Davidson and described in the record as Capital One affiliate) at a reported 3.99% fixed rate; proceeds will be granted to the ARC and repaid from a voter‑approved tax dedicated to the ARC.

The St. Charles Parish council just approved a strategic limited-tax loan at a fixed 3.99% to boost funding for the ARC project, ensuring public funds remain safeguarded!

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