|A bond issue is being proposed to be sold on July 16, 2019 to fund the following:
G.O. Improvement Bonds in the amount of $3,815,000. This will finance the City share of the following projects:
City Project 19-1, 19-2, and 19-3 Street Reconstruction
Since the above projects will also replace water mains in the project areas, Water Revenue Bonds in the amount of $3,025,000 are also being proposed. Both of the issues will be repaid over ten years. A tax levy and special assessments will be required to repay the Improvement Bonds and water revenues will pay for the Water Revenue Bonds.