The Globe - Serving Gogebic, Iron and Ontonagon Counties

By TOM LAVENTURE

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HURLEY — The city of Hurley took another step toward refinancing water and sewer bonds with a resolution to seek bids for an opportunity to save millions of dollars over the existing bond rates.

The Hurley City Council on Tuesday unanimously adopted a resolution authorizing the issuance and establishing parameters for the sale of water and sewer system revenue refunding bonds. The action will allow AMKO Advisors LLC, a Fargo-based registered municipal advisor, to solicit bids in an effort to find competitive interest rates.

The city currently...