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Good bid flows in for Alexandria water project bonds

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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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Al Edenloff
Al Edenloff is the news and opinion page editor for the Echo Press. He was born in Alexandria and lived most of his childhood in Parkers Prairie. He graduated with honors from Moorhead State University with a degree in mass communications, print journalism. He interned at the Echo Press in the summer of 1983 and was hired a year later as a sports reporter. He also worked as a news reporter/photographer. Al is a four-time winner of the Minnesota Newspaper Association's Herman Roe Award, which honors excellence in editorial writing.  
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