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Grand Island board approves bond resolution to fund water meter replacement, authorizes up to $7.72 million in borrowing
Summary
At its April 7 meeting the Town Board approved a bond resolution to finance a water system capital improvement project, including a water meter replacement program, authorizing borrowing not to exceed $7,720,000 and citing an estimated project cost of $6,720,000.
The Town Board of the Town of Grand Island on April 7 adopted a bond resolution authorizing a water system capital improvement project and the issuance of serial bonds in an aggregate principal amount not to exceed $7,720,000 to pay the estimated maximum cost of the project, identified as a 2025 water meter replacement program. The board also approved a prior resolution, after a public hearing, confirming the increase and improvement of the Town of Grand Island consolidated water district…
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