West Des Moines Council directs sale of multiple urban renewal bond series and approves several routine land and traffic measures
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Summary
The Nov. 3 council meeting included unanimous votes to approve traffic- and zoning-related ordinances, convey three electric-easement options to MidAmerican Energy, adopt a Veterans Day proclamation and direct the sale of multiple bond series to fund street and Alluvion fire-station projects.
The West Des Moines City Council used its Nov. 3 meeting to advance a slate of routine land-use, traffic and financing items and to receive detailed reports from its financial advisor on municipal bond sales.
Votes at a glance: the council recorded unanimous (5-0) approval on multiple items including consent agenda items, a Veterans Day proclamation, several traffic-code amendments (stop signs and new signal locations), zoning and plat approvals (Mills Landing specific-plan amendment and The Pines at Glen Oaks final plat with a recording condition), three conveyance resolutions to MidAmerican Energy for electric-easement options, and two resolutions approving the 2025 sewer cleaning and televising program.
Financing: the council also directed the sale of multiple general obligation urban renewal bond series. PFM Financial Advisors reported strong demand across several competitive sales: a not-to-exceed $27,935,000 GO urban renewal series (Series 2025C) drew 12 bids and the winning bid from Wells Fargo at about 3.1739% TIC; a taxable $1,045,000 GO taxable issue drew five bids with Piper Sandler winning at ~4.0036%; and an Alluvion Fire Station financing of up to $13,470,000 produced strong results (JPMorgan Securities won a series at ~2.58% TIC, and Piper Sandler won a related taxable piece at ~3.8563%). Council members praised the sales and the city’s triple-A rating cited by the advisor.
Procedural items: the council deferred two public-hearing items (6a and 6b) and deferred consideration of the Teamsters Local 238 police contract (07/01/2026–06/30/2030) to the Nov. 17 meeting. No public opposition was recorded for the zoning, easement or bond items during the meeting.
What happens next: Deferred items will return at the Nov. 17 meeting; bond-closing details and final purchaser confirmations will be completed through the city’s financing process and are subject to final documentation.