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City administrator: McBride 50-acre sale closing set, remaining bonds to be sold next month
Summary
City Administrator David told the board the McBride 50-acre closing is scheduled for the 29th with a later groundbreaking; staff will sell the remaining $150,000 of bonds next month after last year's $9.85 million issuance.
City Administrator David told aldermen the McBride 50‑acre transaction will close on the 29th and the developer will schedule a groundbreaking after site work begins. He said staff will meet with the developer's director of purchasing and hopes to set a contractor meeting in late August or early September and will share details publicly when available.
David also reported the city will sell the remaining $150,000 of bonds next month; last year the city sold $9,850,000 in bonds. He requested aldermen direct any project questions to staff during the weeks ahead.
