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Neodesha authorizes $793,000 general-obligation bonds for water improvements
Summary
The commission approved Ordinance No. 1822 on Aug. 27, 2025, authorizing General Obligation Bonds, Series A, 2025, in the principal amount of $793,000 to finance water-system improvements; the motion passed unanimously.
Administrator Jones presented an ordinance to authorize the issuance of the City's General Obligation Bonds, Series A, 2025, in the aggregate principal amount of $793,000 to finance acquiring and constructing improvements to the city's water system. The ordinance describes levy and collection of an annual tax to pay principal and interest on the bonds.
Commissioner Banzet moved to approve Ordinance No. 1822; Commissioner Truelove seconded and the motion carried. The minutes record the ordinance text is available in the City Clerk's office. The minutes also show the commission considered a subsequent resolution to prescribe bond-sale details and to authorize bond counsel.
