Board corrects prior authorization, approves roughly $4.2 million private placement bond
Board corrected a prior motion and approved a private placement bond structured over 20 years after discussion that the originally cited $3.8 million figure would not fully utilize the debt-service levy and the full amount should be roughly $4.2 million.
The full story
The board voted to correct an earlier motion on debt issuance and approved a private placement bond to support agency financing needs tied to the reservoir project and other obligations.
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