Knox City Council Approves Amended General Obligation Bond Ordinance

Knox City Council members considered an amended General Obligation Bond Ordinance when they met last Tuesday.

As a reminder, the city of Knox will be purchasing a pumper truck for the Knox-Center Township Volunteer Fire Department to replace an aging model that is more than 30-years-old.

In order to finance the purchase, the city will be utilizing general obligation bonds. Continue reading

Knox City Council Gets an Early Start on General Obligation Bond Process, at Umbaugh’s Recommendation

Knox Mayor Dennis Estok alerted city council members of some changes to the general obligation bond process when they met last Thursday.

Estok issued an updated timetable for the general obligation bonds that the city will be using to finance the purchase of a pumper truck. He informed members about a suggestion made by the city’s financial advisors that impacted the timeline. Continue reading