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City discusses lease-purchase transaction

Dave Malone with DeWaay Financial discussed a lease-purchase transaction after it was read twice to the Gallatin Board of Aldermen during their regular meeting held May 10.

The ordinance authorizes the city to enter into a lease purchase transaction, the proceeds of which will be used to prepay outstanding certificates of participation which were used to pay the costs of acquiring, constructing and installing improvements to the city’s electric system,

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