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Council authorizes up to $3.06 million in general-obligation notes to finance 2025 street and water projects
Summary
Council approved a parameters resolution allowing issuance of up to $3,060,000 in general‑obligation promissory notes (Series 2025A) for the city's 2025 street program and water utility work; sale targeted for mid‑May subject to market timing.
The Common Council on April 15 authorized the issuance of general‑obligation promissory notes not to exceed $3,060,000 to finance street projects and water utility work included in the city’s 2025 capital budget. The council approved a parameters resolution that gives staff and the city's municipal advisor flexibility on sale timing in volatile markets.
Phil Costin of Ellers & Associates, the city’s…
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