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Lake Elmo council approves $2.025 million GO improvement bond sale; Moody’s affirms AA1 rating
Lake Elmo City Council · October 27, 2025
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Summary
The council approved Resolution 2025‑054 awarding the sale of Series 2025A general‑obligation improvement bonds to Brownstone Investment Group at a true interest cost of 3.32%. Staff said Moody’s affirmed the city’s AA1 rating. The motion passed 4‑1.
Tammy (Northland Securities), the city’s financial advisor on the bond sale, told the council that bids were received for the Series 2025A general obligation improvement bonds and recommended awarding the sale to Brownstone Investment Group. She said the original offering par…
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