$1.9 million for Gensing Creek box culvert
July 26, 2023
By Kelly Costa
During Monday night’s city council meeting, the council waived the first reading and approved Ordinance #2212 authorizing and providing for a $1,900,000 promissory note for the purpose of providing interim construction financing for the replacement of the Gensing Creek box culvert. The financing will pay costs incurred by the city for work associated with the replacement of the box culvert. The city will finance the cost of the project with the issuance of alternate bonds to be purchased by Rural Development.
The interim construction financing is necessary to obtain initial...