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Council hears plan to roll over bond anticipation note; $120,000 principal paydown proposed
6439864 · October 24, 2025
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Summary
Council held first reading on Ordinance 73 to roll over a 2025 bond anticipation note and pay down $120,000 in principal while awaiting favorable market conditions for long‑term bonding.
At its Oct. 23 meeting the Macedonia City Council gave Ordinance 73 a first reading, a proposal to issue and sell notes in anticipation of bonds in a principal amount not to exceed $2.6 million to retire outstanding 2025 bond anticipation notes.
"This is a bond anticipation note that was first, garnered last year at this time…
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