Johnson County Council approves $7.835 million general-obligation bond issue
The council voted Oct. 12 to make a preliminary determination and adopt an ordinance to issue up to $7,835,000 in general-obligation bonds to buy vehicles, equipment and complete county projects; municipal adviser Peter Franklin outlined an 8-year maximum term and an estimated 5% interest rate.
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The Johnson County Council on Oct. 12 approved a preliminary determination and adopted an ordinance authorizing up to $7,835,000 in general-obligation bonds to finance vehicles, equipment and various county projects. The action followed a public hearing at which the county's municipal adviser presented required financial details and estimates.
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