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Council hears presentation from Baker Tilly on 2025 bond sale; motion to approve issuance carries
Summary
Baker Tilly Municipal Advisors presented a 2025 bond sale issuance to the Moorhead City Council. The advisor joined remotely; council members moved and approved motions to proceed with the issuance as presented.
Baker Tilly Municipal Advisors joined the Moorhead City Council meeting remotely to present a proposed 2025 bond issuance. Chris Hogan of Baker Tilly appeared online; the council experienced brief audio difficulties but proceeded after the advisor established a connection. Advisors reviewed the planned financing schedule for bonds extending through 2034 and discussed interest-rate considerations for multi-year payment structures. Council members discussed terms briefly and then moved to approve the issuance as presented; the motion passed. Specific interest rates and final sale pricing were discussed during the presentation but were not finalized on the record at the meeting. The presentation was listed as a formal agenda item and concluded with a council motion to proceed. Staff and the city’s municipal advisor indicated they will continue to monitor market conditions and finalize sale details before closing.
