Council authorizes refunding-bond plan and delegates pricing authority
Council authorized issuing general obligation refunding bonds (up to $12.67M) and delegated pricing authority to a pricing officer so the city can pursue market pricing (tentatively March 26) to capture estimated debt‑service savings of roughly $636,000.
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Elgin City Council approved a resolution authorizing the issuance of general obligation refunding bonds and delegated pricing authority to an identified pricing officer, enabling staff to move forward with a bond sale if market conditions meet established savings parameters.
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