COLDWATER, MI (WTVB) – Coldwater City Manager Jeff Budd says the City and Coldwater Board of Public Utilities have finalized the pricing of the 2016 Water and Wastewater Revenue Bonds. Budd told the Coldwater City Council Monday night the total bond proceeds were over $16.1 million.
The 25 year bonds were sold at a true interest rate cost of just under four percent for the life of the bonds. Budd says the bond proceeds will be used for improvements at the Wastewater Treatment Plant in addition to various water and street projects.
