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Consultant outlines options to address sewer GO bonds
Summary
McLiney and Company briefed council on potential options to address outstanding sewer general obligation bonds as the city explores SRF loan opportunities and other financing routes.
Joey McLiney of McLiney and Company presented the council with a range of options to address current sewer general obligation (GO) bonds. The firm outlined financing alternatives that the city could consider alongside a potential SRF loan.
McLiney described options that could affect debt structure and payment timing; council discussion tied the consultant’s options to the SRF eligibility letter and the upcoming application steps. No formal financing decision was made at the meeting; staff and consultants will continue work to align bond strategy with any SRF application.
