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Rock Valley council sets public hearing on up to $3 million disaster-relief note after flood expenses
Summary
Council members voted unanimously to set a public hearing on a proposed taxable general obligation disaster-relief note of up to $3 million after presentations from bond counsel and FEMA consultant; the council also approved a FEMA consulting contract.
The Rock Valley City Council voted June 26 to set a public hearing on a proposed Taxable General Obligation Disaster Relief Loan Anticipation Project Note, Series 2024B, in a principal amount not to exceed $3,000,000.
The council heard remotely from bond counsel John Danos and Patty Scallion of Dorsey & Whitney, who outlined options for emergency…
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