EGF City Council approves bonds for ice facility improvement projects

EGF City Council approves bonds for ice facility improvement projects

EAST GRAND FORKS – The East Grand Forks City Council approved approximately $11.7 million in general obligation sales tax revenue bonds, which will go toward improvements projects for the VFW Memorial Arena and Civic Center. According to Chris Hogan with Baker Tilly, the lowest bid was from Piper Sandler and Co., a Minneapolis-based investment bank, with a true interest cost of about 3.4% on the bonds. “There were seven bidders, which is a pheno…