Morris sells $2.86 million in bonds for projects
MORRIS – The Morris City Council voted Tuesday to sell $2.86 million in general obligation bonds to help pay for construction and demolition projects.
Brian Rielly, a representative with the city's bond financial consultations, Ehlers and Associates, told the council that there were five bidders for a request to sell $2.95 million in bonds. The low bidder was Piper Jaffray of Minneapolis, with a bid of 1.8 percent over the length of the project.
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