By TOM LAVENTURE
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...