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Herriman council authorizes preliminary bond documents to fund road projects; staff cites up to $220 million
Summary
Herriman authorized a resolution to approve a preliminary official statement and related documents for franchise tax revenue bonds (series 2025) to fund multiple road projects; staff cited a schedule for bond marketing and noted the largest project is 6400 West.
Herriman City Council on March 12 authorized city staff to finalize and distribute a preliminary official statement and related documents to begin the public sale process for franchise tax revenue bonds tied to 2025 projects.
City staff presenter Kyle said the document is intended for potential bondholders and underwriters and outlined a tentative schedule: the city expected to receive a credit…
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