Council moves forward on finance plan

A member of Robert W. Baird and Co., presented the finance plan they drafted for the City of Sidney General Obligation Bonds at the city council meeting on Tuesday, Sept. 27.

The City of Sidney currently has three bonds that are coming due. The finance plan presented gave options for long-term financing to pay off the bonds due. Two bonds are due this December and one bond is due June of 2017.

Step one of the finance plan involves applying for a rating of the City of Sidney’s credit. This process will cost around $15,000, but will save the city more than $100,000 in repayment on loans ob...