Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
East Grand Forks approves $11.725 million sales-tax-backed bonds to renovate VFW Memorial Arena and Civic Center
Summary
The East Grand Forks City Council on Feb. 17 approved $11,725,000 in sales-tax-backed general obligation bonds (Series 2026A) awarded to Piper Sandler at a 3.434% true interest cost to fund renovations to the VFW Memorial Arena and the Civic Center Sports Complex.
The East Grand Forks City Council voted Feb. 17 to approve resolution 26-02-22, awarding the issuance and sale of $11,725,000 in general obligation sales tax revenue bonds, Series 2026A, to Piper Sandler to finance renovations to the VFW Memorial Arena and the city’s Civic Center Sports Complex.
City Administrator Hutton introduced the proposal and municipal adviser Chris Hogan of Baker Tilly presented the sale results, saying the city sold bonds whose proceeds will finance approximately $8,000,000 for construction and remodeling of the VFW Memorial Arena and $4,000,745 for work at the Civic…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
