The Blue Earth City Council met on Monday and at their meeting took up a resolution providing for the competitive negotiated sale of $5,800,000 in general obligation bonds.
These bonds will be used to pay for various improvement projects within the city, the purchase, renovation and equipping of the new city hall building and the purchase of equipment for the city.
The Council authorized Baker Tilly Municipal Advisors, LLC, of St. Paul to sell these obligations by a competitive negotiated sale, in which they will be taking bids on these bonds on Monday, June 17th at 10am.
Baker Tilly will then bring those bids to the City Council at their meeting on the 17th at 5pm to consider the sealed proposals for and award the sale of the general obligation bonds.