Council combines bonds

The Kimball City Council included the city’s waterworks plant and water system in the Combined Utilities Revenue and Refunding Bonds (Series 2013) at its regularly scheduled meeting held April 21.

The council heard from Mark Mumford, vice president of Ameritas Investment Corporation, regarding the bond that was issued in 2013.

“To bring in the water into the utilities as a whole will allow us to use those revenues, that will give us the correct ratios moving forward with the combined utilities, so all the utilities will be together,” Mumford said.

That bond paid for new construction a...