Allentown, Pa., Selling $25M GO, Water, Sewer Deal

Braun, Martin Z.
March 2003
Bond Buyer;3/19/2003, Vol. 343 Issue 31596, p24
Trade Publication
Allentown, the third largest city in Pennsylvania, will sell 25 million dollars of general obligation, water revenue, and sewer revenue bonds on March 19, 2003 in a negotiated deal. Proceeds from the 3.3 million dollars of water revenue bonds and 2.3 million dollars of sewer revenue bonds will be used solely to refund portions of prior debt. “We're holding our own,” said Barbara Bigelow, Allentown's director of finance and human resources. Bigelow said the streetlight purchases would save enough in electrical costs to cover debt service on the general obligation debt.


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