Bond Sale, Tree Planting Bid On VC Comm. Agenda

Valley City, ND (KCSi-T.V. News) — The Valley City Commission met in Special Session Tuesday evening (May 28, 2013) at City Hall. All Commissioners were present.

On the agenda, City Commissioners unanimously voted to approve a Resolution approving the Issuance of $2,900,000 Sales Tax Revenue Bonds. Mike Manstrom, of Onstad Twitchel, explained the City of Valley City has an A-1 Special Assessment rating, and an A-2 Bond Rating.

He said the bond sale will take place on Wednesday.

City Commissioners approved the Resolution on the basis that the interest rate does not exceed three percent.

The City Commission awarded a Tree Planting bid for 13th Avenue SE to Pine Country Nursery in the amount of $13,179.50. 33 trees and or bushes will be planted.

The meeting was shown live on CSi Cable 68, followed by replays.