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Apple Valley council sets sale date for $32.45 million 2025 general obligation bond issue
Summary
The council approved a resolution setting the competitive sale schedule and municipal advisory agreement for the city's General Obligation Bonds Series 2025A, which will fund park referendum projects and facility capital improvements.
The Apple Valley City Council on Thursday adopted a resolution setting the sale timetable for a $32,450,000 general obligation bond issue, Series 2025A, and approved a municipal advisory services agreement with Northland Securities.
The action starts the formal process to sell bonds that will fund projects authorized in a 2023 park referendum and portions of the city's facilities capital improvement program, city staff said.
City finance staff member Ron told the council the issue would include about $29.4 million of referendum-authorized park bonds and roughly $3.0 million for facility capital improvements and planning for the city's next…
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