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Monroe County approves ordinance to seek preapproval for up to $13 million in general-obligation bonds
Summary
The Monroe County Commissioners approved Ordinance 2025‑01 to seek state preapproval to issue up to $13 million in general-obligation debt, with staff and the county —ond underwriter saying the county expects to use about $10 million for multiple infrastructure projects and to reimburse recent expenditures.
The Monroe County Commissioners approved Ordinance 2025‑01 on May 7, 2025, authorizing the county to seek Pennsylvania Department of Community and Economic Development (DCED) preapproval to issue general‑obligation debt with a maximum principal amount of $13,000,000.
The action lets the county proceed with underwriting and market timing while preserving flexibility on maturities and final par amounts. David Payne of PNC Capital Markets, the county
ppointed underwriter, told commissioners the county expects to market bonds in about 45 days and that the actual borrowing will most likely be about $10,000,000. "We're gonna put together the county's official…
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