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Sigourney council votes not to approve calling special election for up to $2 million in GO capital loan notes
Summary
Council voted unanimously to not approve Resolution No. 2025-09-21, which would have called a special election on issuing up to $2,000,000 in general obligation capital loan notes. City Clerk was asked to prepare paperwork and contact bond counsel for potential future action.
Council member Lentz moved, and Council member Conrad seconded, a motion to not approve Resolution No. 2025-09-21, which would have called a special election on the issuance of not-to-exceed $2,000,000 in General Obligation Capital Loan Notes. The motion to not approve passed unanimously (Ayes: Schultz, Clark, Conrad, McLaughlin, Iosbaker and Lentz).
During the discussion City Clerk Ashley Fry was asked to gather the necessary paperwork to put the bond issue to a vote if the council later chose that route; Fry said she had asked the law firm Ahlers and Cooney to prepare required documents. The minutes note the bond amount was “over the City’s threshold,” which is why additional procedural steps would be required to place the question on a ballot.
No amendment to the motion or alternative financing plan was recorded in the minutes. The council did not take further action on the bond issue at this meeting.
