LEESVILLE, La. (AP) - The City Council will seek bond funding to pay for improvements at Leesville fire stations and to add a station as part of its University Parkway/Louisiana Highway 467 development project.
The city will ask the Louisiana State Bond Commission for permission to issue up to $1.8 million in 25-year revenue bonds at 6 percent interest.
Bond attorney Joseph Delafield tells The American Press (https://bit.ly/1eOXZNb ) the city should be approved for the bond issue.
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The bonds would be paid off using sales and ad valorem taxes, utility revenue and general fund money not already obligated.
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Information from: American Press, https://www.americanpress.com
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