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Marshall council backs resolution to pursue Series 2026A general-obligation bonds
Summary
Council approved a resolution to proceed with issuing Series 2026A general-obligation bonds to fund street reconstruction, Legion Field improvements, Channel Parkway playground, airport equipment, and wastewater projects; final sale will return to council for approval on March 24.
Marshall City Council considered a resolution to authorize the sale of general-obligation bonds (Series 2026A) to fund multiple capital projects and voted to move the bond issuance forward for final approval.
EJ Moberg, director of administrative services, told the council the resolution would allow the city to proceed toward selling bonds that will later return to council for final approval on March 24. Moberg listed projects the bonds would support: street reconstruction for North High and South 5th Street; abatement bonds for Legion Field restrooms, concessions and viewing areas; Channel Parkway playground and irrigation; airport bonds for a PAPI system, runway snowblower and fuel farm relocation; and utility bonds for wastewater lining and pumpwork.
Moberg noted that the airport portion of the bonds requires a higher threshold: under the airport bond authority the council needs at least a 60% affirmative vote (five of seven members) when the matter returns. Council member Amanda moved the motion and it was seconded; the council voted to pass the resolution to proceed, and Moberg said the sale would come back to council on March 24 for final action.
The meeting record did not include a roll-call vote or final tally in the transcript. The resolution covers multiple capital projects the council has discussed in recent planning meetings.
