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Council authorizes offering of up to $50 million in general obligation bonds to fund projects from 2023 package
Summary
Council adopted a resolution authorizing a go-to-market bond offering of up to $50 million to continue projects approved in the 2023 no-tax-increase bond package, including the Joint Operations Facility, airport hangar work and facility reinvestments; staff said the issuance will be structured to manage the city's debt-service levy.
The Lee's Summit City Council unanimously adopted a resolution authorizing the offering for sale of up to $50 million in general obligation bonds to fund projects included in the 2023 no-tax-increase bond package.
Finance Director Brianna Bericher told council voters previously approved up to $186 million in general obligation bonds across three ballot questions…
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