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Warren council authorizes notice of intent to reimburse capital improvement projects with bonds
Summary
Warren City Council approved a resolution Oct. 28 authorizing notice of intent to sell limited‑tax general obligation bonds and to reimburse prior capital expenditures under the Revised Municipal Finance Act.
Warren City Council on Oct. 28 adopted a resolution authorizing the city to begin the statutory notice period for proposed capital improvement bonds and to declare the city’s intent to reimburse prior capital expenditures.
City controller Richard Fox told council the resolution opens a 45‑day referendum (petition) period under the Revised Municipal Finance Act and signals the city’s plan to sell limited‑tax general obligation bonds likely in late January or…
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