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City council approves bond sales and awards multiple infrastructure contracts
Summary
Council authorized the sale of multi‑series bonds (general obligation Series A & B; water revenue Series C) after positive market bids, and approved contract awards for Walford Road paving, a water feeder main extension, the First Avenue/I‑380 ramp realignment, curb ramp repairs, and library roof replacement among other infrastructure projects.
City officials reported a successful municipal bond sale and the council approved the sale and several construction contract awards.
John Burmeister of PFM Financial Advisors summarized results of bids solicited earlier that day for the city’s Series 2025A general obligation bonds, a taxable Series 2025B component, and the Series 2025C water revenue bonds. Burmeister said the city received multiple competitive proposals and…
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