Gardner City Council approved $3.75 million in bonds to finance several projects in the city during a meeting Oct. 22.
The bonds, which include $1,140,000 in tax exempt general obligation temporary notes, $2,350,000 in taxable general obligation temporary notes and $2,600,000 in general obligation bonds, will be put up for sale on Nov. 18.The bonds will fund infrastructure improvements at the 188th street special benefit district known as the Plaza South Development project. “The notes for this project are anticipated to be tax exempt,” said Mathew Wolff, finance director.
The funds will also be used to fund infrastructure development for the Waverly Plaza public road and waterline special benefit district. The project includes the acquisition of right of way and other improvements that will serve the upcoming Waverly Plaza development project. Wolff said the notes for the project are anticipated to be taxable.
(Read more: Gardner News)
