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Council discusses borrowing ordinance; final terms to be set before second reading
Lock Haven City Council · June 5, 2023
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Summary
Council reviewed Ordinance 2023-05, the borrowing ordinance for Series A and B notes, heard that bond counsel will attend the second reading and was told that payment schedules and annual payment amounts remain to be finalized.
Lock Haven City Council discussed Ordinance 2023-05, the borrowing ordinance authorizing Series A and B notes, but did not adopt it at this meeting. Staff said Concord Public Finance ran the bidding process and reported competitive rates; the borrowing-rate range for the A notes was…
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