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City plans November bond sale, authorizes pricing committee to finalize terms
Summary
City staff proposed an annual refunding (improvement) bond of roughly $55 million for about 20 projects, scheduled for November 17 sale with proceeds delivered in December; commissioners agreed to use a pricing-committee parameter resolution rather than hold a special meeting for formal sale approval.
Susan and city staff told commissioners the city plans an annual refunding/improvement bond to reimburse construction projects and that approximately 20 projects — totaling about $55 million — are expected to be included.
Staff outlined the schedule: preparatory work in September–October, a planned sale on November 17 and receipt of funds on December 11. Staff said picking a November sale date…
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