Special Meeting to Sell Bonds

BOONE, Iowa---The Boone City Council will be back holding a special meeting, Tuesday afternoon at the Boone City Hall. The Council will consider action to sell nearly $7 million in General Obligation Capital Loan Notes for new construction and to refinance five other bond sales. Boone City Administrator Luke Nelson noted that Moody's Investors have assigned an A-1 rating to the sale. Nelson says the improving General Fund balance and the reserves developed over the past couple of years are leading reasons for the rating.