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Wednesday, November 18, 2009 10:46 PM

City accepts bond bid

The City of Ottawa accepted the lowest bid Wednesday for more than $2 million in general obligation bonds. The bonds will help finance a $2.345 million northeast water tower project, which includes a new water tower, main lines and a booster pump station. The project, now under construction, is expected to take about a year to complete. The city accepted a bid from Commerce Bank, which offered an interest rate of just more than 3.9 percent.

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