Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Active vs passive funds: 88% success in large-caps but only 26% over 10 yrs | Personal Finance
    • 6 international mutual funds reopen for lump sum, SIPs: Should you invest now? – Money News
    • Templeton launches global equity fund
    • Investing with Purpose: Understanding Thematic and Values-Aligned ETFs
    • AI ETFs Explained: What Investors Should Know Before Buying
    • How Much of Your Portfolio Should Be in Thematic ETFs?
    • Morningstar’s Top Fund Picks for a Simpler Retirement Plan
    • India’s Specialized Investment Fund Segment Set to Grow with Mahindra Manulife’s Equity Long-Short Fund Launch
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Wright City officially issues Roelker Road bonds
    Bonds

    Wright City officially issues Roelker Road bonds

    October 13, 2024


    By Jack Underwood, Staff Writer

    Wright City’s plans to improve Roelker Road have taken another step toward completion. The Wright City Board of Aldermen approved the sale of $6.5 million in general obligation bonds at their Sept. 26 meeting. 

    Those bonds were sold on the morning of Sept. 26 pending final approval from the board that night. 

    As of Oct. 8 that sale was final and the bonds were available for purchase by investment banks and any other prospective buyers of the municipal bonds. 

    Those bonds were approved by the voters during the April 2 election and the lengthy process to make those funds available to the city has come to an end. 

    The city is working with contractor Cochran Engineering to complete plans for the Roelker Road expansion, according to City Clerk Abbie Ogborn. The completed designs may be ready by the end of the month. 

    The project to expand Roelker Road comes in conjunction with the construction of the new Wright City High School which is expected to open next year. 

    Phase one of that project is currently being designed by Cochran Engineering and is supposed to expand the road to two lanes both north and south from just south of the railroad tracks to the south end of the high school property. 

    The plan will also add a left turn lane both north and south at the entrance to the high school, according to Ogborn. 

    The city hopes to go out for bid on that project in November and award that bid to a contractor by December. 

    As long as those deadlines are met, Ogborn said the project should still be done by its projected May 2025 completion date. 

    “That’s our expectation,” said Ogborn. 

    There will also be a second phase of the project that will include further improvements to Roelker Road, but Ogborn said Cochran is still in the process of designing those plans. 

    Per the language of the bond issue when it was passed, the $6.5 million in funds is to be dedicated to road improvements in Wright City, specifically to Roelker Road. 

    There is however, a provision that any left over funds following the completion of the Roelker Road project can be allocated to other road improvements in the city. 

    Ogborn said it was unclear at this time whether there would be any leftover funds but said that if there are, decisions will be made about those funds when they become available for other projects.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Creating a Stable Personal Pension with Corporate Bonds (Inflation-Adjusted Version) Part 2|Toshi@FIREして15年後の日記

    September 29, 2026

    Yields Falling Due to Inflation: The Pitfalls of Individual Government Bonds and How to Choose Bonds for Asset Protection

    September 29, 2026

    SP Group to raise $125 million via tap issue, Rs 3,250 crore in rupee bonds

    September 29, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Active vs passive funds: 88% success in large-caps but only 26% over 10 yrs | Personal Finance

    September 30, 2026

    Investing with Purpose: Understanding Thematic and Values-Aligned ETFs

    September 30, 2026

    Purpose Investments Inc. Announces 2026 Third Quarter Distributions for Purpose Specialty Lending Trust

    September 30, 2026

    7 Best Money Market Funds to Buy for 2026 | Investing

    July 9, 2026
    Don't Miss
    Funds

    Active vs passive funds: 88% success in large-caps but only 26% over 10 yrs | Personal Finance

    September 30, 2026

    For years, mutual fund investors have faced a deceptively simple question: Should you pay a…

    6 international mutual funds reopen for lump sum, SIPs: Should you invest now? – Money News

    September 30, 2026

    Templeton launches global equity fund

    September 30, 2026

    Investing with Purpose: Understanding Thematic and Values-Aligned ETFs

    September 30, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Real estate developer Nusco floats bonds with 9% coupon at Bucharest Exchange

    October 29, 2025

    Investments set to unlock growth opportunities

    March 24, 2025

    Bond ETFs take on expanded role as BlackRock report highlights shift in portfolio construction

    April 28, 2026
    Our Picks

    Active vs passive funds: 88% success in large-caps but only 26% over 10 yrs | Personal Finance

    September 30, 2026

    6 international mutual funds reopen for lump sum, SIPs: Should you invest now? – Money News

    September 30, 2026

    Templeton launches global equity fund

    September 30, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.