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Alpena council authorizes up to $4.1 million for general obligation bond sale
Summary
The council approved a resolution authorizing issuance of General Obligation Limited Tax Bond Series 2025, setting a $4.1 million maximum and delegating final sale details to authorized officers; the bonds will be advertised and sold in the coming week.
The Alpena City Council on Sept. 2 approved a resolution authorizing issuance of General Obligation Limited Tax Bond Series 2025, allowing a maximum issue of $4,100,000 and delegating final sale details to designated city officers. Roger Swetz, introduced by city staff as an online presenter from Dickinson, described the measure as the city’s “final formal approval of the issuance of the bonds.”
The resolution sets advertising and sale parameters: the bonds were to be advertised for sale at $4,045,000 and the actual sale will…
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