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Council amends and approves sewerworks revenue bond ordinance to allow higher‑rated surety options
5929000 · August 19, 2025
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Summary
The council approved Ordinance 2025‑15 to authorize sewer works revenue bonds and amended the surety language to permit either A+ or AA rated surety instruments, expanding options for the city's bond reserve mechanism.
The Franklin City Council on Aug. 18 approved an amended Ordinance 2025‑15 authorizing issuance of sewer works revenue bonds, with a narrow wording change to the reserve funding options.
City attorney explained the ordinance had been before council in earlier drafts. The original…
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