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Council hears bond and lease-purchase financing overview for sewer revenue bonds and planned Vactor truck
Summary
Northland Securities representative provided an overview of proposed rates and the bond sale financing a new Vactor truck; the anticipated closing date for the bond sale is April 22, 2026. No formal action was taken during the meeting.
Austin Partridge of Northland Securities presented to the council on proposed financing for Sewer Revenue Bonds and a lease-purchase to fund a new Vactor truck. Partridge outlined anticipated rates and said the anticipated closing date for the bond sale is April 22, 2026.
Council received the presentation and no formal vote on financing terms was recorded during the meeting; staff will proceed with the sale timeline and closing preparations per standard practice.
