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Administration Committee authorizes up to $10.44 million in 2025A general obligation notes
Summary
The committee approved a resolution setting parameters for issuing up to $10,440,000 in general obligation promissory notes (Series 2025A) to pay for street, street-lighting and water/sewer projects; municipal advisor Ehlers presented the plan and schedule.
The Administration Committee approved a resolution authorizing the issuance and setting parameters for up to $10,440,000 in general obligation promissory notes (Series 2025A) to fund capital projects in the city's 2025 capital budget.
Municipal advisor Ehlers reviewed the borrowing plan with the committee. The financing will fund street reconstruction, street-lighting replacement and water and sewer infrastructure projects identified in the 2025 capital budget.…
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