Council authorizes 10-year, $1 million bond for Main Street Project
The council voted to move forward with a 10-year, $1 million bond for the Main Street Project and said the difference in project costs will be covered from cash reserves set aside for the project.
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Fairbank’s City Council voted on June 23 to authorize bonding for a 10-year, $1 million bond to fund the Main Street Project. Council members said the shortfall between bond proceeds and project costs will be covered using cash reserves previously set aside for the project.
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