When the Cottonwood Shores City Council meets at 6 p.m. Thursday, Oct. 6, they will have all thier financial ducks in a row to consider issuing $1.5 million in certificates of obligation for a new water plant.
Anticipating action on Dec. 1, the council will meet with Bill Blitch of Blitch Associates, Inc., a financial advisory firm, working primarily in the utility industry, assisting in funding bond sales .
No citizens came to address the council on Thursday, Sept. 29. Members are hoping that is because they understand the council's financial strategy to pay for water plant replacement.
The only items on the agenda were approval of the budget the Fiscal Year 2016-2017 and the tax rate to support it, a rate voters could legally oppose, if they did not understand the council's analysis.