Allegan council authorizes sanitary and water revenue bonds to fund infrastructure projects The City of Allegan on Jan. 26 authorized issuance of up to $10,040,000 in sanitary-sewer first-lien revenue bonds and up to $7,270,000 in water-supply first-lien revenue bonds, both with 20-year terms and interest not to exceed 7%; staff cited a $2.5 million MEDC grant for water improvements and next steps including a credit rating and bid process.

Allegan leaders have taken a bold step towards revitalizing infrastructure by approving over $17 million in revenue bonds for critical water and sewer projects!

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