The City is advancing the project to rehabilitate the water treatment plant and increase the capacity.
At the City Council meeting Monday, Micki Matthews, representing Piper Sandler investment bankers, said the bonds valued at $11,645,000 were sold with an interest rate of 5.8% for 30 years. The closing is Nov. 1 with the first payment due at the end of this year. The bonds will be paid for in May …