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City approves $7.97 million taxable GO bond sale for Chasewood Villas HIA to finance unit repairs
Summary
Council adopted a resolution awarding the sale of $7,970,000 in taxable general‑obligation housing‑improvement bonds (Series 2025A) for the Chasewood Villas HIA; advisors reported competitive bids (4.74% low bid) and noted prepayments and 188 units preserved.
The Minnetonka City Council on Nov. 10 adopted a resolution awarding the sale of taxable general‑obligation bonds (Series 2025A) for the Villas of Chasewood Housing Improvement Area in an original aggregate principal amount of $7,970,000. The sale day report presented by bond advisor Shane (Ehlers) showed two bids for the taxable issue with a low bid at 4.74 percent and a tight spread to the…
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