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Riverside approves $6.065 million bond issue to fund water and sewer work
Summary
The Village of Riverside Board of Trustees on March 6 approved an ordinance authorizing $6,065,000 in general obligation bonds, series 2025, to finance waterworks and sewage system improvements after a competitive sale produced favorable interest rates.
The Village of Riverside Board of Trustees on March 6 approved an ordinance authorizing the issuance of $6,065,000 in general obligation bonds, waterworks and sewage system alternate revenue source series 2025, to fund improvements to the village’s water and sewer system.
The ordinance was introduced after the village completed a competitive bond sale that drew five underwriting firms and 11 bids. Finance Director Zavala and the village’s financial advisor reported the lowest…
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