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Council hears presentation on proposed $18 million in power projects, bond parameters discussed
Murray City Council · May 7, 2025
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Summary
City staff outlined roughly $18 million in near-term power projects and bond-issuance parameters (principal cap $25M, max 30-year maturity, max 7% interest); council asked questions; no bond sale or ordinance was approved at the meeting.
City finance staff briefed the council on proposed power bonds to fund about $18 million in electric-utility projects over the next three years, including a substation rebuild, two transformers (about $4 million), equipment storage, turbine overhauls and…
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