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DENCO II gets bond approval from city

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DENCO II has authorization to pursue up to $10 million in industrial revenue bonds after the Morris City Council approved "conduit financing for the Morris-based ethanol plant at its meeting Tuesday.

Through the process, DENCO II must receive approval of the city to apply for the financing. In conduit financing projects, the city is not liable for any repayments or losses suffered by the company.

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