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Council clears first and second readings for $25 million Port Authority bond to repair break wall and replace docks
Summary
The Hammond common council advanced a proposed $25 million bond, introduced to fund marina break wall repairs, dock replacements and other port projects; council members sought details on total debt service, which staff said would be provided at a later meeting.
The Hammond City Common Council voted during first and second reading Tuesday to advance an ordinance permitting the issuance of up to $25 million in revenue bonds to fund marina repairs and improvements recommended by the Hammond Port Authority.
Councilwoman Benez introduced the ordinance on behalf of the Port Authority, saying the bond would finance dock renovation and continued repairs to the marina break wall. The measure was…
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