Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves two bond sales totaling $6.11 million
Summary
The Bloomington City Council voted unanimously 4–0 to award two bond issues on Oct. 20: $3.21 million in taxable GO CIP bonds (series 2025D) and $2.90 million in tax-exempt GO permanent improvement revolving fund bonds (series 2025, series 57).
The Bloomington City Council on Oct. 20 unanimously adopted two resolutions awarding the sale of municipal bonds to fund capital projects.
The council approved a taxable general obligation capital improvement plan bond issue, series 2025D, in the original principal amount of $3,210,000 to repay a city facility fund used to acquire land for a public works fleet garage. The low bid for the issue was from Robert W. Baird at roughly $3.21 million with a true interest cost of 4.66 percent, city staff told the council. The city plans to use property tax revenues to pay the debt service.
The…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
