Council approves $16 million general-obligation bond ordinance
On second reading council approved Ordinance 7 to authorize issuance and sale of $16,000,000 in tax-exempt general obligation improvement bonds (series 2024); staff said a competitive sale is expected June 18 with a projected closing July 16.
The full story
The governing body approved Ordinance 7 on second reading, authorizing the issuance and sale of City of Rio Rancho tax-exempt general obligation improvement bonds, series 2024, in a principal amount of $16,000,000.
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