Good bid flows in for Alexandria water project bonds
Good news flowed in with the bond rates the Alexandria City Council approved Monday night to pay for a waterline extension project.
Piper Jaffray submitted the lowest interest rate, 2.13 percent, on the $5.49 million general obligation bonds. That's nearly half a percentage point better than the 2.61 percent rate the city's bonding consultant, Springsted, Inc., estimated a few weeks ago.
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