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Council introduced a multi-part bond and note package totaling millions for capital projects and potential refundings
Summary
Council received presentations and introduced multiple ordinances authorizing notes and bonds for parks, recreation, infrastructure, sewer projects and refundings; second readings and pricing were scheduled for later dates.
City staff presented a multi-part bond and note package and the council introduced several related ordinances to authorize financing for capital projects and possible refundings of prior debt.
Finance staff and the city’s bond team delivered an overview of the year’s proposed issuances and metrics, and then the council introduced a series of ordinances (first reading) authorizing authorization levels for notes and bonds. Items introduced included a short-term note authorization of up to $4,875,000 (to be repaid…
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