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Council directs $2 million-plus bond premium to neighborhood infrastructure projects
2113385 · January 13, 2025
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Summary
Council acknowledged a bond premium from recent debt issuance and authorized adding those funds to the Neighborhood Infrastructure Bond capital project fund to cover previously scoped project shortfalls.
Greenville City Council voted to allocate surplus bond premium from recent debt issuance to the Neighborhood Infrastructure Bond (NIB) capital project fund, staff said during the Jan. 13 meeting.
City staff reported favorable interest rates and a bond premium that produced…
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