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Council approves bond sale resolution; finance staff report 3.288% true interest rate
5535465 · August 5, 2025
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Summary
Council approved the consent‑calendar resolution authorizing sale of general obligation utility revenue bonds (Series 2025A); council member corrected the record on the aggregate principal amount and praised finance staff for managing debt service.
The City Council approved a resolution on the consent agenda providing for the sale of general obligation utility revenue bonds, Series 2025A, to finance utility work. During consent discussion a council member noted a correction to the agenda…
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