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Underwood council approves General Obligation Corporate Purpose Bond Series 2024
Summary
The Underwood City Council on Nov. 21 approved a resolution authorizing a Loan Agreement and the sale and issuance of General Obligation Corporate Purpose Bonds Series 2024, with a 5-0 roll call vote.
Underwood — The Underwood City Council on Nov. 21 adopted a resolution authorizing the General Obligation Corporate Purpose Bond Series 2024, which approves a loan agreement and provides for the sale and issuance of bonds and a levy of taxes to repay them.
Council member Kelle Erwin moved to approve the bond resolution; Jim Pingel seconded. The roll call vote listed in the minutes recorded Erwin, Jodi Bose, Josh Madsen (voting by phone), JW Tiarks and Pingel as voting “Yes.” The minutes record the resolution as adopted 5-0.
The action appears on the special meeting minutes; the record does not include the bond amount, interest rate, repayment schedule, or other financing details. The minutes do not indicate discussion or public comment on the bond measure. The minutes state the meeting was called to order by Mayor Dennis Bardsley at 5:00 p.m. and that the minutes are subject to approval at the next regular council meeting.
The council adjourned at 5:09 p.m.
