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Finance director briefs council on highway allocation bond sale; mayor notes favorable bid results
Summary
City Finance Director Baker presented the Highway Allocation Bond Financing information and recent bid results; Mayor John McGhehey noted the bid was lower than engineers had anticipated. No formal action was taken at the meeting.
City Finance Director Baker presented information to the Alliance City Council regarding the Highway Allocation Bond Sale. The presentation reviewed financing options and the results of a recent bid; there was no council vote associated with the presentation at this meeting.
Mayor John McGhehey commented on the result, saying it was positive that "the bid was lower than the engineer had anticipated." The presentation will guide staff as they proceed with bond sale administration and any follow-up steps required by council or finance staff.
