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Council approves bond bids, ordinances and multiple infrastructure contracts
Summary
Council received bids and approved sale of $14.5 million and $2.5 million bond series, adopted related ordinances (including emergency clauses), authorized several resolutions and awarded construction and engineering expenditures including a $565,940 city portion construction award and $50,000 for drainage design from Prop 6.
Finance staff reported bids for bond sales and recommended awards to TD Financial Products LLC on lowest true interest cost for both the $14.5 million 20-year sale and the $2.5 million 10-year B series; council received bids and voted to award and to adopt ordinances (Ordinance No. 3899 for the $14.5 million sale and Ordinance No. 3900 for the $2.5 million sale)…
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