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Hibbing council approves bond sale and contracts to move Public Safety Building forward
Summary
The Hibbing City Council voted to authorize sale-tax–backed bonds for a new Public Safety Building and approved multiple related contracts, including testing, inspection and security system work, citing continuity and project risk management.
The Hibbing City Council on Sept. 17 approved a resolution to take the city to market for general obligation sales-tax revenue bonds to finance the new Public Safety Building and approved several related contracts for testing, inspection and building security.
The measure to offer the bonds was presented by Finance Director Sheena Mullin, who said the sale would be supported by the local sales tax approved by voters and would cover roughly $19.6 million plus financing costs. Mullin said the city would only levy the difference if sales-tax revenues proved insufficient…
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