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Two Rivers approves up to $3.355 million general obligation note to fund 2025 capital projects
Summary
Two Rivers City Council on Feb. 17 approved a parameters resolution authorizing the issuance of up to $3,355,000 in general obligation promissory notes to finance 2025 capital projects and possible refinancing.
Two Rivers City Council on Feb. 17 approved a parameters resolution authorizing the issuance of up to $3,355,000 in general obligation promissory notes to finance 2025 capital projects and to possibly refinance existing debt.
The resolution gives staff and the city’s financial adviser authority to sell the notes within set parameters; officials said they expect to seek bids in early March and close the financing in April if market conditions are favorable.
City Manager Greg (City Manager) introduced the item and said the borrowing plan would fund levy-supported capital projects as well as wastewater-supported…
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