Augusta accepts 3.4% temporary-note bid to fund grid modernization
Council awarded Series 2026-1 general obligation temporary notes to Northland Securities at a 3.4% winning bid, lowering estimated interest costs by roughly $300,000 and enabling a $6,765,000 deposit and construction start by Aug. 27.
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Augusta's City Council voted to accept the winning bid from Northland Securities to sell Series 2026-1 general obligation temporary notes, a short-term construction financing step for the city's low-voltage grid conversion and related engine upgrades.
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