Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Debt Financing topic
No spam. Unsubscribe anytime.
Council authorizes private placement for Sewer Revenue Bond Series 2026B
Summary
Kalona council approved Resolution No. 2026-Y authorizing a loan agreement and issuance of Sewer Revenue Bond, Series 2026B. Motion by Beran, seconded by Bender; council authorized mayor and city clerk to sign.
The Kalona City Council approved Resolution No. 2026-Y authorizing a private placement loan agreement and issuance of Sewer Revenue Bond, Series 2026B. The motion was offered by Councilmember Beran and seconded by Councilmember Bender; the council polled and Bender, G Schmidt, Yeggy-Berg and Beran each voted yes.
The resolution authorizes the mayor and city clerk to sign the loan agreement documents necessary to secure the sewer revenue bond. The council did not record further terms of the private placement in the meeting minutes provided; specific bond amounts or purchaser details were not stated in the transcript.
