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Fergus Falls council clears bond item for consent agenda; staff to seek bank placement
Summary
Councilors reviewed financing for Junius Avenue and Shore View street projects and agreed to place a bond-sale authorization on the consent agenda after staff outlined a bank-placement strategy for roughly $805,000 in general obligation bonds and related local financing details.
The Fergus Falls City Council heard details about two street projects and agreed to place a bond‑sale authorization on the consent agenda after staff outlined how the work will be financed.
City staff said the Junius Avenue reconstruction includes pavement plus water, sewer and storm‑water work; Shore View is pavement over a gravel street. Bill Somour explained the finance approach: the utility portions will be paid from cash while the city’s portion and assessments will be…
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