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Council approves short-term investments, closes small legacy bond funds
Summary
The Rain City Council closed two small leftover bond funds — moving roughly $8,200 to the water fund and about $74 to road improvements — and approved a staggered short-term investment plan covering about $350,000 drawn from several funds.
The Rain City Council voted to close two small residual bond funds and approved a resolution to place roughly $350,000 in staggered short-term investments.
Council members voted to close the 2012 AGO improvement bond fund and transfer the remainder to the water and sewer fund; during discussion a council member said, “It was like 8200. Okay, fine.” The council also agreed to close the 2018 AGO street reconstruction bond fund and move a small…
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