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Council begins process for 2025B GO bonds, sets public hearing for special assessments
Summary
Council approved the statement of final cost and set an Aug. 26 public hearing to assess properties for several subdivisions under the proposed 2025B general obligation bond package; staff said total project costs for assessed subdivisions are about $7.9 million.
The Derby City Council on July 22 authorized staff to publish notice and set a public hearing for Aug. 26 as the first step in issuing the 2025B general obligation bond package, which includes special-assessment financing for several subdivisions.
Finance Director Megan Pater told council that infrastructure for Hendricks Addition, Meadowlark…
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