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Apple Valley sells bonds after AAA ratings; council adopts resolution for Series 2025A
Summary
The city received strong market interest and issued general obligation bonds after Moody’s and S&P affirmed triple-A ratings; council adopted the resolution to issue the Series 2025A bonds, directing premium proceeds to the construction fund.
The Apple Valley City Council on July 24 adopted a resolution providing for issuance and sale of general obligation bonds Series 2025A to fund park referendum projects and capital facilities. Finance staff said roughly $29 million of the bonds will fund park referendum projects and roughly $3 million will fund facilities capital improvements, including the police operations…
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