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Hays approves $19.03 million in bonds and $8.07 million in temporary notes to fund AMI, police facility, Grove and Exit 161 work
Summary
The Hays City Commission unanimously approved ordinances and resolutions to issue Series 2025-A and 2025-B general obligation bonds and two series of temporary notes to finance an automated metering project, a new police facility, Grove RHID development, an economic development grant and Exit 161 infrastructure.
The Hays City Commission on the call of its August meeting unanimously approved a package of bond ordinances and note resolutions that together will fund multiple city projects, including automated metering infrastructure, a new police facility, improvements tied to the Grove RHID and temporary financing for infrastructure at I‑70 Exit 161.
City Finance Director Kim Rupp summarized results from bond sales and a concurrent note offering, and bond adviser David Arterberry reviewed competitive bid results that produced interest rates below the team’s pre‑sale estimates. “The best bid for the Series 2025 A bonds was submitted by Fidelity Capital Markets at a rate of 4.312886%,” Arterberry told commissioners, and he said the temporary notes received a…
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