Council approves $2.6 million in bond sales for street work

Meeting Monday morning for a special session of the Perry City Council were, clockwise from left, Perry Finance Officer Susie Stoner Moorhead, City Council members Dr. Randy McCaulley, Barbara Wolling, Churck Schott, Perry Mayor John Andrf, Perry City Administrator Sven Peterson, City Council members Dean Berkland and Vicki Klein and Perry City Clerk Liz Hix.

Among a number of street improvements in Perry, Bateman Street between First Avenue and Fourth Street will be widened and repaved if the city sells its general obligation bonds for $2.6 million.

The Perry City Council met in special session Monday morning and approved the financing of a number of street improvements by means of selling $2.6 million in general obligation bonds.

The improvements include the asphalt overlays on various streets in Perry, the completion of the 28th Street extension to McKinley Street and the improvements to streets around the Progressive Foundry and Wiese Industries.

The new loan agreement, called the corporate purpose loan agreement, combines the council’s previously approved $2 million urban renewal community building renovation loan agreement with the $2.6 million street improvements loan agreement

The Perry City Council will meet July 20 at 6 p.m. in the Clarion Room of the Security Bank Building to consider the bids received for the purchase of the bonds.



Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.