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City Council Meeting
Posted: February 18, 2009 @ 10:19 am In Today's Local News
The Washington City Council has a public hearing tonight on allowing the city to guarantee the repayment of capital loans using property taxes. City Administrator Dave Plyman says they are looking at issuing $3.5 million in bond notes for a project. This tells the investor that the city guarantees the note will be repaid and if needed, the city will levy property taxes to repay the loan. The hearing will be part of the council's meeting tonight at seven at the Washington Public Library.
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