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Council adopts street reconstruction overlay plan and approves bonds to fund street work
Summary
Mound City adopted resolution 25-89 approving a street reconstruction overlay plan and authorized related general-obligation bond issuances; council discussed debt timing and staff said issuance through 2029 is planned to fund the CIP while keeping longer-term debt levels manageable.
The Mound City Council on Nov. 25 voted to adopt a street reconstruction and overlay plan and authorized bond issuance to fund planned street work. Staff presented a debt-management plan showing issuance through 2029 to support the city’s capital-improvement program, and the council approved the measure as Resolution 25-89.
Finance staff explained the schedule of debt issuance and how it aligns with the city’s financial management plan. Finance staff said the plan calls for issuing debt through 2029 and that, if the city stays on the schedule, it…
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