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Council approves $1.5 million debt certificate financing for Centennial Plaza; Bank of Pontiac to participate
2136804 · January 21, 2025
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Summary
The Pontiac City Council approved a $1.5 million tax-exempt debt certificate ordinance to finance Centennial Plaza, with Bank of Pontiac as principal purchaser and participation from First Financial and State Bank of Greymont.
The Pontiac City Council approved an ordinance to issue a $1,500,000 tax-exempt debt certificate to fund Centennial Plaza construction.
Financing details: Bond counsel prepared the debt-certificate package, and staff said the primary purchaser will be Bank of Pontiac with participation from First Financial and State Bank of Greymont. Staff…
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