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Council authorizes sale of $6.85 million in bonds to fund 2025 capital projects
3268613 · May 7, 2025
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Summary
Council approved resolution 25-66 to provide for sale of $6,850,000 in general obligation bonds (series 2025A) to fund 2025 capital projects, including street reconstruction and water projects; staff noted the city’s Moody’s AA1 rating.
Coon Rapids City Council authorized the sale of $6,850,000 in general obligation bonds, series 2025A, to fund capital projects the council included in the 2025 budget. Council adopted resolution 25‑66 by unanimous voice vote, and set the sale date for June 3, 2025.
Staff presented a breakdown of the proposed issuance:…
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