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Council told bond sale for New Prague police facility was voided; council set to redo public hearing June 2 as financing options debated
Summary
Bond counsel told the council the previously approved bond sale financing for the new police facility was void because the required public hearing was not opened properly; staff have re-noticed the hearing for June 2. Council discussed petition (reverse referendum) risk, an EDA lease‑revenue alternative and the financial exposure from a signed construction contract with Metcon.
Bond counsel told the New Prague City Council that last week’s vote approving bond financing for a new police facility is void because the council failed to conduct the required open public hearing properly.
"It's a redo situation," bond counsel Scott Riggs said, explaining that the council must re-notice and reopen the public hearing and repeat the approval process under the capital improvement statute. City staff said notice for a new hearing has been published and the item is scheduled to return on June 2.
The finding leaves the council weighing several financing options while construction contracts are already in place. Council members and staff said the council approved a construction contract with Metcon on April 21 and the city has already spent roughly $580,000 on design and…
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