Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Bonds topic
No spam. Unsubscribe anytime.
Council approves $3.165 million sewer revenue bonds resolution, contingent check on callability
Summary
Council approved a resolution authorizing $3,165,000 in sewer revenue bonds (Series 2025) after directing staff to verify whether the bonds are callable; the motion carried on roll call.
The Anamosa City Council voted June 10 to approve a resolution authorizing $3,165,000 in sewer revenue bonds for the city’s sewer program. Council members asked whether the bonds were callable and requested staff verification; one councilmember moved approval contingent on confirmation that the bonds could be made callable and staff agreed to check with the bond attorney. “I take it our bond attorney knows what they're doing,” the city administrator said during the discussion.
The motion passed on a roll call vote recorded in the meeting. Councilmembers indicated interest in structuring future debt to allow early retirement if feasible; staff will report back after confirming bond call provisions with the bond counsel.
