At its June 8 meeting, the Monroe County Council approved issuance of two series of bonds to pay for the construction of a new Monroe County Public Library branch and renovations at other facilities.
Series A bonds were approved to be issued in an amount not to exceed $2 million and will be payable over a period ending not later than Jan. 15, 2030. Those bond proceeds will be used for the renovation of and improvements to existing library facilities and purchase of equipment. The Series B bonds, together with the Series A bonds, will be issued in an amount not to exceed $6 million and will be payable over a period ending not later than Jan. 15, 2041. Proceeds of the Series B bonds will pay costs of the design, acquisition, site development, construction, equipping and furnishing of a new library branch.
Read the meeting packet materials related to the bond approval here.
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