- Associated Press - Sunday, January 19, 2014

LEESVILLE, La. (AP) - The City Council will seek bond funding to pay for improvements at Leesville fire stations and to add a station as part of its University Parkway/Louisiana Highway 467 development project.

The city will ask the Louisiana State Bond Commission for permission to issue up to $1.8 million in 25-year revenue bonds at 6 percent interest.

Bond attorney Joseph Delafield tells The American Press (http://bit.ly/1eOXZNb ) the city should be approved for the bond issue.

The bonds would be paid off using sales and ad valorem taxes, utility revenue and general fund money not already obligated.


Information from: American Press, http://www.americanpress.com



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