(KLZA)-- The Falls City Council voted unanimously Monday night to approved the sale of up to $4.3-million in bonds.
City Administrator Gary Jorn told the Council the bond funds will be utilized to reimburse city coffers for approximately $2.7-million the City has paid on the project; to create a debt service reserve fund; pay the cost of issuance, and pay the remaining costs of improvements.
The total cost of the generator project is more than $11-million. The City issued approximately $7-million in bonds in 2016 for the project.
© Many Signals Communications
MOST VIEWED STORIES
Hiawatha man charged after escape from police custody
Meriden teen injured in Jeff co wreck
Two arrested in rural Horton drug bust
USD 415 board approves resignations, new hires
Fake sports rings seized enroute to Atchison
USD 115 board fails to fill vacancy after 3 votes
Early Saturday house fire battled in Atchison
Topeka woman arrested in Jackson Co on drug charges
Hearing held on USD 115 land transfer petition
Failure to stop, Georgia warrants, hold Atchison man
4th attorney appointed for TX man charged in fatal Jackson Co wreck
Lansing man arrested in overdose death
8-year-old injured in mid-week Atchison wreck
New Mayor appointed for Lancaster
LV man sentenced for teen sexual attack
K-9 bridge replacement underway in Nemaha County
LATEST STORIES
Electrical distribution project upgrades for Falls City
NPPD warns downed power lines can be deadly
MHMA Mock Trial Team wins state, heads to natls
Nebraska students taking advantage of dual credit courses
Lansing inmate dead, investigation continues
Motorcyclist injured in Winthrop, MO crash
Bird flu found in two KS dairy herds
Brown Co certifies election results
RELATED STORIES
City and County to discuss combined dispatch center
Waterfall project approved by Falls City Council
Falls City Council denies truck parking request
Falls City Council organizes for 2020
Falls City making progress on nuisance properties
Neighbors bring complaints to City Council
Falls City Council updated on park projects
Falls City utility rate increases gain first round approval