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Council authorizes prepayment of Tallgrass Liquor lease revenue bonds to save interest costs
Marshall City Council · December 10, 2025
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Summary
Council authorized early payoff of the remaining Tallgrass Liquor lease revenue bonds using reserve cash from Tallgrass operations; staff said paying by Feb. 1 would save an estimated $74,000 in interest on about $1.02 million remaining principal.
The council authorized staff to prepay the outstanding lease revenue bonds issued in 2015 for the Tallgrass Liquor municipal store.
EJ Moberg explained the Economic Development Authority issued lease revenue bonds in February 2015 tied to…
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