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Edina awards $8.785 million general‑obligation bond sale to Hilltop Securities
Summary
The council approved the sale of $8,785,000 in general‑obligation bonds to fund Vernon Avenue/Highway 100 and aquatic center projects; 11 bids produced a true interest cost of about 3.67% and Moody’s/S&P affirmed the city's high ratings.
The Edina City Council on Sept. 2 approved resolution 2025‑75 authorizing issuance and awarding the sale of $8,785,000 in general‑obligation bonds (series 2025B) to Hilltop Securities of Dallas, Texas, to finance a portion of the Vernon Avenue/Highway 100 project and aquatic center improvements.
Nick Anhut, senior municipal advisor with Ehlers, told council the city opened 11 bids and received competitive pricing; Hilltop’s winning bid produced…
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