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(KLZA)--The Falls City Council approved the issuing of up to $5.2 million in combined utility revenue bonds to pay for upgrades to the City electric system when they met Monday evening.
The bonds will be paid off over 20 years.
The Council also approved issuing up to $900 thousand in General Obligation bonds to pay for the 33rd Street paving project from Bill Schock Boulevard, east to Highway 73.
The bonds will be sold through Piper & Sandler.
In a related note, the Council approved an agreement with Community Medical Center for the hospital to pay $27,500 annually for a 10-year period
to pay for a portion of the 33rd Street project.
It was noted during the meeting that concrete work on the 33rd Street project has begun.
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