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Waite Park council awards $30.06 million general‑obligation bond sale to fund public safety, city‑hall work
Summary
Council approved a resolution awarding the sale of $30,060,000 in general‑obligation bonds to finance public safety and city‑hall improvements; S&P Global affirmed the city's AA rating and the bonds are scheduled to close May 29. Council voted to award the sale by voice vote; exact tallies were not specified in the transcript.
Waite Park city officials on Monday awarded the sale of $30,060,000 in general‑obligation bonds to finance public safety and city‑hall improvements.
Tammy Umdahl of Northland Public Finance presented the pricing results, saying the par amount of the bonds is "$30,060,000" and that the true interest cost for the issue was about 4.35 percent. Umdahl told the council that S&P Global affirmed the city's…
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