Sullivan City Council Approves Issuing Bonds for Water Plant Project
•March 30, 2022• by Crystal Reed NP Writer The Sullivan City Council held a special meeting Tuesday, March 22. During which they approved issuing bonds for the water plant project. Commissioner Doug Booker was absent. A motion was made to accept ordinance 22-5 combined waterworks and sewerage system revenue bonds Series A and B. Treasurer Sarah Golden explained that Series A is for $8.5 million and Series B $2 million. The city is issuing the bond, and rural development will be the purchaser. The bonds have a 40-year term, and if they close by the end of the month, the … Read More
