There will be 2 General Obligation bond sales on Monday, November 14, 2022. Series 2022A are tax-exempt General Obligation Corporate Purpose Bonds for $9,555,000. Series 2022B are taxable General Obligation Property Restoration Bonds for $610,000. For more information, go to www.speerfinancial.com and click on "Official Statements Sales Calendar" and locate the City of Marshalltown as issuer.
The City has maintained their Aa2 bond rating from Moody's Investors Service.
The tax-exempt bonds will fund street improvements & design, park improvements, water plaza, trail bridge and paved connection as well as a trailhead facility, parking lot, pedestrian alley, and sidewalks.
The taxable bonds will fund the ongoing efforts to acquire and demolish abandoned dangerous and dilapidated buildings.