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Hutchinson council approves ordinance to issue GO bonds for traffic-signal updates and arterial street work
Summary
The Hutchinson City Council approved an ordinance authorizing general-obligation bonds to pay for traffic-signal controller upgrades and arterial street improvements, with staff saying the projects will start this year and total about $915,000 including anticipated financing costs.
The Hutchinson City Council on June 17 approved an ordinance authorizing the issuance of general-obligation bonds to fund traffic-signal controller upgrades and arterial street improvements.
City Finance Director Angela Richard told the council the action was needed "to conform with IRS regulations" so the city can bond the two projects. She said the projects include traffic-signal improvements listed in the ordinance and arterial street work the council…
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