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Pittsburg awards sale of 2025-A general obligation bonds; adopts ordinance and bond resolution
Summary
The Pittsburg City Commission on Feb. 25 awarded the sale of its general obligation bond series 2025-A to Fifth Third Securities, adopted ordinance S11O5 authorizing the bonds, and approved resolution 1292 prescribing the terms of the sale and delivery.
The Pittsburg City Commission on Feb. 25 formally awarded the sale of its general obligation bonds, series 2025-A, to Fifth Third Securities and adopted the ordinance and bond resolution needed to issue the debt.
Garth Herman of Gilmore & Bell, the citys bond counsel, told commissioners that nine underwriters submitted bids on the bonds and that the winning bid from Fifth Third Securities of Cincinnati carried a true interest cost of 4.57 percent. He said the next closest bid was…
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