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Humboldt clears $330,000 Clean Water bond and $270,000 Drinking Water bond closings
Summary
The Humboldt City Board authorized closing of two revenue bonds—$330,000 for the Clean Water Project and $270,000 for the Drinking Water Project—and directed the President and Finance Officer to sign the documents. Votes were unanimous.
On Nov. 12 the Humboldt City Board approved closing two project revenue bonds: a Clean Water Project Revenue Bond for $330,000 and a Drinking Water Project Revenue Bond for $270,000. President Ritchy Griepp moved both closings; Amber Bailey-Froke seconded the Clean Water Bond motion and Julian Gambs seconded the Drinking Water Bond motion. Roll call votes were unanimous for both actions.
Minutes record that the board authorized the President and Finance Officer to sign the closing documents for each bond. No additional financing terms or repayment schedules were recorded in the minutes; the actions authorized staff to complete the closings and document execution.
The approvals appear on the board’s Nov. 12 new-business agenda and were taken as separate motions. The minutes do not indicate public comment or amendments tied to either bond action.
