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Clayton authorizes sale of up to $13.88 million special‑obligation bonds for municipal garage and maintenance facility

3762777 · February 26, 2025
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Summary

The board adopted a resolution authorizing the sale of approximately $13.88 million in special‑obligation bonds to finance a municipal garage and maintenance facility; staff and bond counsel will pursue a rating call and a public sale on March 25, 2025.

The Clayton Board of Aldermen on Feb. 25 adopted a resolution authorizing the sale of up to $13,880,000 in special‑obligation bonds to finance the acquisition, construction and equipping of a municipal garage and related maintenance facilities.

City staff, bond counsel (Gilmore & Bell), and financial adviser Piper Sandler plan a rating call on March 4, 2025, and the…

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