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Moorhead approves $28.1 million in short- and long-term general obligation bonds
Summary
The Moorhead City Council voted to approve two 2025 general obligation bond resolutions—one short-term temporary issue tied to the mall redevelopment and one longer-term improvement and wastewater refunding bond—after a presentation by the citymunicipal advisor.
The Moorhead City Council voted unanimously to approve two bond resolutions on separate motions after a presentation from the city—s municipal advisor.
Municipal advisor Chris Hogan of Baker Tilly told the council the city will sell $11,560,000 in general obligation temporary improvement bonds, series 2025A, and $16,575,000 in general obligation improvement and wastewater refunding bonds, series 2025B. The council approved each issue separately by voice vote.
Hogan said the 2025A bonds are short-term, three-year temporary financing intended to fund…
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