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Altoona approves sale of General Obligation Urban Renewal Bonds, Series 2024
Summary
The Altoona City Council on July 15 held a public hearing and adopted a resolution awarding General Obligation Urban Renewal Bonds, Series 2024. City finance advisors said the city received 10 bids and selected Bank of NY Mellon with a reported True Interest Cost of 3.28%; the measure passed 4-0 (one member absent).
The Altoona City Council on July 15 approved a resolution awarding the General Obligation Urban Renewal Bonds, Series 2024, after holding the required public hearing.
Matt Stoffel of financial advisor PFM told the council the hearing was required to receive public comment and to authorize the city to…
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