The city of Airway Heights has authorized the sale of a portion of the $13 million unlimited tax general obligation bonds to pay for construction of an aquatic and fitness center.
At its March 20 meeting, the City Council passed the first and only reading of an ordinance that authorizes the sale, issuance, and delivery of $3.2 million bonds.
When City Attorney Stanley Schwartz asked why only $3.2 million in bonds was being authorized for sale, Clerk-treasurer Amy Gravelle explained that the city sold $9.515 million of the $13 million In December 2016 in order to receive a reduced interest rate...
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