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Glendale council adopts resolution to sell up to $7.8 million in general obligation notes
Summary
The Glendale Common Council on a unanimous voice vote approved parameters for the sale of up to $7,800,000 in general obligation promissory notes after a presentation from the city's bond advisor; the city’s A1 rating was affirmed.
The Glendale Common Council on Tuesday adopted a resolution authorizing the issuance and sale of up to $7,800,000 in general obligation promissory notes.
The vote followed a presentation from Brad, a representative of Baird, who reviewed the city’s annual financing plan and said the city’s A1 bond rating was affirmed. Brad told council members the financing will fund the city’s 2025 capital-improvement program and include roughly $5.5 million in levy-supported projects, a…
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