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The City Council unanimously approved the sale of $5.505 million in 2026A general obligation refunding bonds to refinance $7.335 million in temporary bonds issued in 2023. The refinancing includes $700,000 from the Storm Sewer Fund and $120,000 in prepaid assessments.
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The bond sale replaces temporary city borrowing with refunding bonds backed by Hopkins' full faith, credit and taxing powers. The city will use storm sewer funds and prepaid assessments to reduce the amount being refinanced. The council also approved routine 2026 appointments and designations, a union contract, a grant agreement, and other consent items.
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