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Councilmember Bryant also commented on the bond ordinance adopted tonight. <br /> He said by doing the project in sections and 4 bond series, the city will save millions of <br /> dollars over the life of the bonds. If the city had done only one bond issue for the entire <br /> $50,000,000.00, we would be paying interest on the entire amount throughout the <br /> project. Also, the City got an extraordinary rate of 2.5% when most cities are currently <br /> selling bonds at 3.5% and higher. <br /> ADJOURNMENT <br /> There being no further business, Councilmember Shetron moved that the <br /> meeting be adjourned. Councilmember Bryant seconded and all voted for. <br /> Mayor <br /> City Clerk <br />