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Galesville council approves $285,897 sewer revenue bonds to secure DNR loan for West Side project
Summary
The City of Galesville approved a resolution to issue up to $285,897 in Sewerage System Revenue Bonds, Series 2026, completing documentation needed to obtain a DNR loan for the West Side Sewer, Water and Street Project; the motion passed unanimously in recorded roll call.
The City of Galesville on Feb. 12 adopted a resolution authorizing issuance and sale of up to $285,897 in Sewerage System Revenue Bonds, Series 2026, and approved a related financial assistance agreement to secure a loan from the DNR for the West Side Sewer, Water and Street Project. The motion was made by Dave Carlson and seconded by Randy Larson; the roll call showed Carlson, Grover, Larson, Seely, Swing and Todd voting yes.
Council minutes state this action completes the final portion of the documentation required to obtain the DNR loan for the West Side project. The resolution was presented as part of the council’s regular consent and finance agenda; no substantive debate or public comment on the bond terms was recorded in the minutes.
