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Council approves NCA bond authorization, says city not liable for repayment
Mount Vernon City Council · August 26, 2025
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Summary
Council adopted an ordinance authorizing the Mount Vernon New Community Authority to issue up to $3 million in infrastructure revenue bonds and approved related cooperative documents.
Mount Vernon’s City Council adopted ordinance 2025‑27 authorizing the Mount Vernon New Community Authority (NCA) to issue tax‑exempt special‑obligation public infrastructure revenue bonds in a maximum authorized amount of $3,000,000 and approving a cooperative agreement and related documents…
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