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Matthews Lane and Park Improvements Bond

Sector: Road • Location: Grantsville, Utah, United States

Source: Citizen Portal AI

Project
Planned

Grantsville City Council approved a fiscal year 2025 budget amendment to fund the Matthews Lane project and park improvements. The city authorized a parameters resolution to pursue up to $5 million in sales-tax revenue bonds to pay for these projects, bundling them into a single bond to save on issuance costs. The bond is expected to be structured as a roughly 20-year borrowing with an estimated i

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Project Information

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The project “Matthews Lane and Park Improvements Bond” is an infrastructure initiative in the Road sector, located in Grantsville, Utah, United States. Taiyo aggregates data on it from Citizen Portal AI.

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Participants

Sponsoring Agency

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Status

Original status

planned

Taiyo status

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Contact

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Email

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Address

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Description

Description

Grantsville City Council approved a fiscal year 2025 budget amendment to fund the Matthews Lane project and park improvements. The city authorized a parameters resolution to pursue up to $5 million in sales-tax revenue bonds to pay for these projects, bundling them into a single bond to save on issuance costs. The bond is expected to be structured as a roughly 20-year borrowing with an estimated interest rate around 5%. The city plans to solicit contractor bids and continue pursuing grant opportunities before finalizing the bond sale.

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Original Currency

USD

Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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