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City reports favorable sewer bond offers; construction work to continue as project nears completion
5833887 · September 17, 2025
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Summary
City staff reported favorable bid/offer terms for sewer bonds (staff said a 15-year amortization was chosen to keep annual payments near $290,000), said closing is imminent, and updated council on Main Street and CUP pipeline milestones.
City staff told the council on Tuesday that the city received favorable offers for sewer financing and will proceed with bond documents with closing expected within days. Staff said a 15-year amortization was selected at the mayor’s and staff’s direction because it offers manageable annual payments (staff said about $290,000 per year) while…
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