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Finance staff reports $65 million savings center bond priced well; council discusses line of credit and budget schedule
5391854 · July 15, 2025
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Summary
City finance staff told the City Council two debt issuances — including a $65 million sale for a savings center — priced favorably and are about $16,000 under the Elevate debt-service projection.
City finance staff told the City Council that two debt issuances were placed in the market: a $65 million issue for a savings center and a second issuance covering a set of Elevate projects including Odom Park, Springbrook Park and Bowers Park pickleball facilities. Staff said the issues priced well and together are about $16,000 under the anticipated Elevate debt-service…
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