The council unanimously (7-0) adopted a resolution authorizing the sale of General Obligation Sales Tax Revenue Bonds, Series 2026A, in the amount of $18,265,000 — the final bond issuance for the $155 million Nine Mile Creek Corridor project. CFO Lori Economy-Scholder reported strong demand with 16 bidders and a true interest cost of 3.38%; proceeds arrive around March 3. The city retained its rare triple-AAA bond rating (one of 36 municipalities nationwide out of 19,000).
Watch @ 18:36 ↗