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(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.
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Hiawatha, Ks 66434