Sewer Revenue Bonds Series 2026 (RES 26-1705)

At a glance

Based on uploaded (human-made) captions; staff names are partly garbled, so staff are identified by role.

• What: supplementing the sewer revenue bond resolution and issuing 2026 sewer revenue bonds.
• Where it stands: adopted 7-0 on 2026-10-14 (revised version with the sale results).
• Next: the final text is entered after the meeting, as usual for bond sales.

Key points

• A competitive sale that morning sold $6.8 million of bonds at a true interest cost of about 4.57%; Huntington Securities won among eight bids.
• Proceeds pay for the annual sewer program and prior authorizations.
• A councilmember thanked staff for strong financial controls and the city's bond rating.

Sources

• 2026-10-14 - City Council (uploaded captions)
• https://stpaul.legistar.com/Calendar.aspx

Log

• 2026-10-14 - City Council - Bond sale results reported ($6.8 million, about 4.57%); revised resolution adopted 7-0.