October 10, 2024 at 3:34 p.m.

Wyoming Council agrees to sell bonds for street improvement


By DENISE MARTIN | Comments: 0 | Leave a comment
News

The full Wyoming City Council last week approved sale of nearly $2 million in General Obligation Bonds to fund 2024 street improvements projects.  Best bid of five received was recommended to be awarded to Brownstone Investment Group LLC at an interest rate of 3.222.

Wyoming was informed its bond rating,  was upgraded after a review for this offering, from AA3 to AA2, which even for this relatively small issuance will still save about $6,000 in payments over the debt service.

The city is doing an RFP for lawn mowing services for 2025-2027.  Watch for the info or contact city hall.

Council mentioned the honors as Watershed Champions, received by the city and a second award went to Heims Lake Association members from the Comfort Lake Forest Lake Watershed District.  (Photos in Press Sept. 26.)

Public Works Director Steve Reeves told council the team was appreciative of getting noticed for their extra work and “proud” to accept the award.

Wyoming was recognized by the watershed district board of managers for its enhanced street sweeping schedule, plus its cooperation on a wetland project on the south end of town,  and Heims Lake supporters for involvement in environmental concerns.


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