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Council hears Q3 financial update and awards $4.1 million GO bond sale

Minnetrista City Council · October 7, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Finance staff told the council the city is about 59% through budgeted revenues for the third quarter and presented a bond sale with a maintained AA+ rating; the council awarded the sale to TD Securities and scheduled closing for Oct. 28.

Finance director Ryan Grama presented the city’s third-quarter financial report on Oct. 7, saying revenues were “about at 59%” through September and noting the second-half tax receipts expected in December. Grama said building permit activity is lower than the prior year and that expenditures are tracking roughly in line with expectations; he cited…

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