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BET concurs with council on $1.46M bond-proceeds reallocation for public works projects
Summary
Board approved a concurring resolution reallocating $1,460,000 in remaining bond proceeds from closed public-works projects to other projects and a small portion to debt service; President Brandt said he would vote nay because of unanswered questions, but the resolution passed.
The Minneapolis Board of Estimate and Taxation approved a concurring resolution to a City Council action reallocating $1,460,000 of remaining bond proceeds from closed public-works projects to other city projects and a small share to the debt service fund.
Dave Wheeler, senior manager of banking, investments and debt, told the board this is an annual Public Works…
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