Utility Bond sale on Monday’s City Council agenda

great dealThe Lynnwood City Council is expected to approve a Utility System Revenue Bond sale during Monday’s business meeting.

The 2014-19 Utility Rate Study adopted in the 2013 anticipated that the City would sell bonds for the City’s Utility System capital improvements. The overall list of capital projects is approximately $46,000,000, including costs for debt service and other related items.

The City’s project financial team is reviewing whether to implement a single bond sale or implement two separate bond sales. This will depend on market conditions and cost factors refined prior to the date of the sale, currently planned for the middle of July 2015.

The Council also is expected to act upon proposed Zoning Code Amendments following a Public Hearing on the issue.

The meeting will be at 7 p.m. at the Lynnwood Civic Center, Council Chambers, 19100 44th Ave. W., Lynnwood.

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