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Two Harbors council authorizes $2.295 million bond issue for street improvements
Summary
The Two Harbors City Council unanimously approved a $2,295,000 general obligation water and sewer revenue bond, Series 2026A, to fund a street improvement project, voting on June 8, 2026. The motion was made by Councilor Redmann and seconded by Mayor Conner.
The Two Harbors City Council on June 8 unanimously approved RESOLUTION NO. 06-181-26 to issue $2,295,000 in General Obligation Water & Sewer Revenue Bonds, Series 2026A, to finance the Street Improvement Project.
Councilor Doug Redmann moved the resolution and Mayor Conner seconded; the measure passed by a unanimous roll-call vote of members present. The bond issuance was listed on the agenda alongside a presentation by Todd Hagen of Ehlers & Associates regarding the 2026A bond sale and a utility rate study.
The bond is designated as water and sewer revenue bonds and will be used for the street improvement project; the council record did not include further financing terms or the expected date of sale. The council did not attach amendments or conditions to the authorization during the meeting.
Next steps noted in the meeting record: administration is authorized to proceed with issuance and sale under the adopted resolution. No public comment on the bond was recorded during the meeting. The council adjourned after taking the action.
