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Wyoming Council holds first readings for up to $20 million in bond-anticipation notes; public hearings set for July 21
Summary
Council heard first readings for three ordinances authorizing bond-anticipation notes: up to $3.5 million for water improvements, $6.5 million for road improvements and $10 million for various purposes. Staff said the notes renew prior short-term borrowing and are expected to be converted to long-term bonds later.
City finance staff presented three first readings to authorize bond-anticipation notes (BANs) in advance of issuing long-term bonds: up to $3,500,000 for water system improvements, up to $6,500,000 for road improvements and up to $10,000,000 for various purposes. Public hearings and second readings for these ordinances were set for the July 21,…
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