The Polk City Council's expected to wait until July to take a final vote on a proposed ordinance for $9-million in new bond debt for water and sewer improvements and to refinance most of Polk City's existing utilities debt. According to the Ledger, the city's waiting for a bond rating, which will determine how much interest the city will have to pay investors over the 30-year life of the proposed issue. The vote's expected to now come up for a vote at their July 11th meeting.
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