Park Rapids issues $1.7 million in bonds for Central Avenue project

Park Rapids issues $1.7 million in bonds for Central Avenue project

The Park Rapids City Council approved issuing $1,665,000 in general obligation utility revenue bonds on Tuesday, Aug. 12. The bond sale took place Tuesday morning, according to Jessica Green, managing director of public finance with Northland Securities. “Proceeds from the bonds will be used to finance the city’s portion of water and sewer utility improvements along with the Central Avenue project,” she said, adding that the sale amount also cov…