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Galesville approves $1,001,944 water revenue bonds to fund water upgrades and meet DNR loan requirements
Summary
Council adopted a resolution authorizing up to $1,001,944 in Water System Revenue Bonds, Series 2026, and approved a related financial assistance agreement to secure a DNR loan for water system work tied to the West Side project.
The City of Galesville voted on Feb. 12 to adopt a resolution authorizing the issuance and sale of up to $1,001,944 in Water System Revenue Bonds, Series 2026, and to approve the associated financial assistance agreement necessary for DNR loan closing. The motion was made by Jean Seely and seconded by Rob Grover; roll-call votes recorded all six members as yes (Carlson, Grover, Larson, Seely, Swing, Todd).
Minutes note council considered the water bond alongside sewer financing as part of final documentation needed to obtain DNR loan funds for the West Side Sewer, Water and Street Project; no separate public comment or extended debate on bond terms was recorded.
