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Council authorizes up to $258.35 million to refund sewer revenue bonds
Summary
The Metropolitan Council approved an authorization to appropriate up to $258,346,892.84 of bond proceeds and other financing for partial refunding of the 2020A and 2020B sewer revenue bonds. The action was taken without public opposition as a financing measure to potentially reduce interest costs and restructure liabilities.
The Metropolitan Council on Nov. 12 approved Item 64, a resolution authorizing up to $258,346,892.84 of bond proceeds and other financing sources from the sewer system to partially refund the 2020A and 2020B sewer revenue bonds. The item was presented by the environmental…
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