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Elizabeth council authorizes sale of up to $30M+ in bonds for capital, sewer and refunding
Summary
The council adopted a resolution authorizing issuance and public sale of up to $7,000,000 in general improvement bonds, up to $12,000,000 in sewer utility bonds and up to $11,055,000 in refunding bonds, and approved the Notice of Sale procedures and related continuing-disclosure and tax covenants.
Elizabeth City Council on June 11 adopted a comprehensive bond resolution authorizing the sale of three series of bonds to finance capital projects, sewer utility projects and certain refunding needs.
The resolution authorized: up to $7,000,000 in General Improvement Bonds, Series 2025; up to $12,000,000 in Sewer Utility Bonds, Series 2025; and up to $11,055,000 in Refunding Bonds, Series 2025. The…
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