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Clive retains AAA rating; council sets Oct. 23 public hearing and date for bond sale
Summary
After staff confirmed Clive retained a AAA bond rating, the council set a public hearing and a sale date of Oct. 23 for the GO urban renewal bond series 2025B and authorized the issuance of the preliminary official statement; council voted 5–0.
City finance staff told the council on Oct. 9 that Clive maintained its AAA bond rating. Council approved a resolution to set the date for the public hearing and sale of the GO urban renewal bond series 2025B on Oct. 23 and authorized use of the preliminary official statement; the motion passed 5–0.
Staff said the AAA rating will help lower borrowing costs as the city moves forward with infrastructure investments. The council asked staff to set the public hearing for Oct. 23 at 6 p.m. and to proceed with necessary disclosures and the preliminary official statement included in the meeting packet.
Next steps: staff will publish the public‑hearing notice and proceed with sale preparations, consistent with the resolution the council adopted.
