Golf course bond issue set

At last week’s meeting, the city council approved the final numbers for the funding mechanism to finance work at Hillside Golf Course.

Marc Munford of Ameritas Investment informed the council about the Recreational Facilities Public Infrastructure Bonds that will pay for the project. The closing date for these bonds is Jan. 2, 2014.

“The city’s request was to net $1.5 million for the project, so in order to do that we have a bond issue size of $1.520,” Munford said.

While $1.5 million is allocated for construction, the additional money will go toward underwriting and legal council on the bonds...