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Council approves $19.8 million bond authorization for utility generators, MMU to issue debt
Summary
Marshall authorized the Marshall Municipal Utilities (MMU) to issue up to $19,765,000 in public utility revenue bonds to buy four diesel generators and reimburse water-main work; staff said the financing will not raise electric rates.
The City Council voted to authorize Marshall Municipal Utilities to proceed with issuing public utility revenue bonds in the proposed aggregate amount of $19,765,000 to purchase four diesel-fired distribution generators and to reimburse previously paid water-main improvements related to the College Drive project. Director of Administrative Services EJ Moberg said the resolution approves selection of Baker Tilly as municipal advisor and Kutak Rock…
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