MESA, Ariz. (AP) - The Mesa City Council has already organized where funding will go from two municipal bond sales this summer.
The East Valley Tribune reports (https://bit.ly/1Jv4TcG ) that two bond sales will generate revenue to fund $43.7 million worth of utility and other projects.
A utility revenue bond sale will improve the water, electric and natural gas systems. Some remaining funds will help convert garbage trucks to run on compressed natural gas instead of diesel fuel.
The general obligation bond sale will fund a bike and pedestrian path, renovations to Pioneer Park work at Fiesta Sports Park and work on the west Mesa connector.
Mesa City Council voted April 20 to sell the bonds. Bids from financial firms are due May 13. The sale is expected to be complete by June 4.
Information from: East Valley Tribune, https://www.eastvalleytribune.com
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