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Council approves proceedings to issue up to $24.25 million in general obligation bonds for capital projects
Summary
The council voted 7-0 to take the prescribed steps to issue up to $24.25 million in general obligation bonds; proceeds will fund a list of municipal capital projects and will be repaid from specified local revenue sources.
The Dubuque City Council on Monday approved proceedings to issue not to exceed $24,250,000 in general obligation bonds, clearing the next procedural step toward a scheduled March bond sale.
Chief Financial Officer Jennifer Larson outlined that approximately $23.64 million of the proposed issuance is intended to fund projects already approved in the city budget, including fire truck and ambulance replacements, fire equipment and station improvements, solid waste collection vehicles, airport taxiway improvements, parking ramp…
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