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Harrisonville holds first reading of revenue-bond call to secure low-interest state loans for water and sewer
Summary
City staff presented a first reading of an ordinance calling a bond election to allow the city to access State Revolving Fund loans at about 1.75% interest for planned water, sewer and stormwater projects; staff emphasized voters are not being asked to approve projects, only permission to seek lower-rate financing.
At its July 21 meeting the Board of Aldermen held a first reading of an ordinance calling a revenue-bond election that would allow Harrisonville to seek low-interest financing through state revolving loan programs for planned water, sewer and stormwater projects.
City administration described the measure as a mechanism to make the city eligible for State Revolving Fund loans at about 1.75% interest rather than borrowing on the open market…
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