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County begins bond-issuance planning; financial advisers outline hearings, caps and timeline
Summary
Financial advisers and bond counsel briefed the Black Hawk County Board on the general-obligation bond process, state statutory caps, likely number of public hearings and a timeline to include pre-levy actions before mid-April.
Black Hawk County officials and outside advisers told the Board of Supervisors on March 4 they will begin a multi-step bond issuance process this spring, including several public hearings required by Iowa law, competitive bidding and a potential Moody’s rating review.
Kristen Billingsley Cooper of Allers and Cooney (bond counsel) and Maggie Byrd of Spear Financial (financial adviser) walked supervisors through the process for issuing general obligation bonds. Cooper said the county team has reviewed the capital-improvement list to identify projects eligible for general-obligation financing and explained…
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