Council recommends awarding 2025 GO notes for sewage system interim financing to Bank of Omaha

A council member moved a recommendation that the council award 2025 general obligation notes and sewage system revenue bond anticipation notes to Bank of Omaha to provide interim financing for wastewater projects and to close out capital costs completed this year. The mover described an initial draw to the general fund to cover $1.6 million and said the remaining proceeds would be used for construction, engineering and related project expenses.

The motion was seconded and discussed briefly by council members concerning timing and use of proceeds. The council carried the motion by voice vote; no amendment or roll‑call dissent was recorded in the meeting transcript. The item was presented as part of routine finance business and follows recommendations from the Personal Finance committee.