Cheney approves bond financing for pool

CHENEY — The Cheney City Council has taken a significant step toward the construction of a new aquatic center, approving bond financing at their meeting last Tuesday night.

Jim Nelson, Managing Director at D.A. Davidson, and Danielle Quade, a partner at Hawley Troxell specializing in public finance and local government, outlined the plan to issue the bonds in two series.

“Your plan is to issue the bonds in two series, $8 million is the first series coming up, the second series would be issued February 2025 for approximately $5 million,” Nelson said. “That’s to meet what we call the IRS spendin...