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Council sets June 16 public hearing for proposed 2025 bonds, consultant outlines $7 million cap
Summary
Willmar City Council approved a resolution calling a public hearing (June 16) on a proposed 2025 bond package with a not-to-exceed amount of $7,000,000 and estimated annual assessments of about $170,000.
Makayla from Baker Tilly addressed the council about a proposed 2025 bond ordinance that would finance capital projects in the city’s capital plan. She told the council the resolution in the packet calls for a public hearing on June 16 and anticipates a sale in July. The packet included a not-to-exceed bond amount of $7,000,000 and an estimated total annual assessments of about $170,000, which would include some assessments to city properties.
Makayla said more than 20 percent of some project costs are expected to be assessed under current estimates and invited questions; none were raised that changed the recommendation. Council moved and approved the resolution to call the public hearing by roll call.
The public hearing will give residents an opportunity to comment before the council proceeds with bond sale planning and final authorization.
