B.E. Council Approves Bond Sale to Finance Street & Utility Projects

Monday night, the Blue Earth City Council passed Resolution 23-14 in the sale of just over $5 million worth of general obligation bonds to finance street improvements and related utility projects, as wells as the acquisition of capital equipment.

The city received 6 bids, ranging from 3.49% to 3.88% interest rate.

The winning bid for the bonds went to TB Securities and came in at $3.49% for a term of 15 years.