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Council reviews plan to issue bonds backed by major bridge fund
Summary
County officials outlined a proposed bond ordinance to finance bridge projects that would be secured primarily by the county's major bridge fund; a Baird advisor said market rates were about 3.91% and the council will consider adoption next month.
County Council members heard a presentation on a proposed bond ordinance that would finance bridge projects using proceeds secured primarily by the county's major bridge fund.
A presenter for the county said the package would be on parity with the county's other bonds and that the council would return next month to consider formal adoption; an appropriation ordinance tied to the bond proceeds was introduced for consideration.
"Right now, we ran market rates as of yesterday,…
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