Neodesha approves amendment to IRB authorization, raising Rhor Building bond cap to $11 million
The Neodesha Board of Commissioners on June 10 approved Resolution No. 26-13 to amend a 2024 resolution and increase the taxable industrial revenue bond authorization for the Rhor Building (519 and 523 Main Street) from $4.8 million to $11 million and extend the resolution's expiration to Dec. 31, 2027.
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The City of Neodesha Board of Commissioners voted on June 10 to approve Resolution No. 26-13, amending Resolution No. 24-16 to increase the aggregate principal amount authorized for taxable industrial revenue bonds for the Rhor Building project to $11,000,000 and to extend the resolution's effective period through Dec. 31, 2027. Commissioner Truelove moved to approve Resolution 26-13 as presented; Vice‑Mayor Duane Banzet seconded and the motion carried.
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