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Maplewood council adopts resolution to award 2025 street improvement GO bonds after competitive sale; AA+ rating affirmed
Summary
The council adopted a resolution awarding general obligation improvement bonds for 2025 street projects following a competitive sale; Ehlers reported a sale with a low bid and Standard & Poor’s affirmed Maplewood’s AA+ rating, lowering expected interest costs. Council accepted a friendly amendment to reflect the sale amount in the resolution.
The Maplewood City Council adopted a resolution authorizing the issuance and award of general obligation improvement bonds, Series 2025A, to finance the 2025 street projects.
Finance staff reported the bonds were sold the morning of June 23; Ehlers Public Finance…
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