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Gallatin council approves resolution allowing up to $30.2 million in water and sewer bonds after failed amendment
Summary
The Gallatin City Council approved a resolution authorizing up to $30.2 million in water and sewer system revenue improvement bonds after a proposed amendment to restrict proceeds to the new water plant failed to get a second. The measure passed with six votes in favor and one abstention.
The Gallatin City Council on Feb. 18 approved a resolution authorizing the issuance of up to $30,200,000 in water and sewer system revenue improvement bonds.
Councilman Fennell introduced the measure as a supplemental resolution to the master resolution governing the city’s water and sewer revenue obligations. “This is a supplemental resolution to the master resolution pertaining to water and sewer revenue obligations,” Fennell said when he presented the item.
The council heatedly debated the scope of projects the bond language would cover. One councilmember proposed an amendment to require that proceeds be used only for the city’s…
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