Council decides not to pursue short-term construction note after higher bids for solid-waste facility
City staff explored a short-term draw-down note for the new Freehold Drive solid-waste disposal facility but received a nearly 3.75% low bid for a one-year note, making a 20-year bond at about 4% more attractive; council declined the short-term note for now.
The full story
Mayor John Haila said the City of Ames considered issuing a short-term draw-down note during construction of a new solid-waste disposal facility on Freehold Drive to reduce borrowing costs but chose not to proceed after bids came in higher than expected.
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