Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • REIT-focused mutual funds on the anvil as dedicated indices make debut | Markets News
    • SBI Funds IPO subscribed 68% on Day 1 – IPO News
    • SBI Funds Management IPO GMP Live: Issue subscribed 0.55x on Day 1; NII portion fully booked
    • SK Hynix Soars 19% as Leveraged ETFs Launch, Lifting Micron, SanDisk, Western Digital
    • SBI Funds Management IPO GMP Live: Issue subscribed 0.24x on Day 1 so far; NIIs lead demand
    • How SIP calculators help long-term planning
    • Wealth manager dumps UK bonds over fears Andy Burnham ‘will do a Liz Truss’
    • SBI Funds IPO Day 1: Issue subscribed 1.3 times, HNI portion fully subscribed 1.29 times
    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

    Wealth manager dumps UK bonds over fears Andy Burnham ‘will do a Liz Truss’

    July 14, 2026

    Should You Buy 30-Year Government Bonds?

    July 13, 2026

    Britons would buy government war bonds… if they came with tax perks

    July 13, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    REIT-focused mutual funds on the anvil as dedicated indices make debut | Markets News

    July 14, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    REIT-focused mutual funds on the anvil as dedicated indices make debut | Markets News

    July 14, 2026

      Edelweiss MF is likely to launch the first such scheme. The fund house…

    SBI Funds IPO subscribed 68% on Day 1 – IPO News

    July 14, 2026

    SBI Funds Management IPO GMP Live: Issue subscribed 0.55x on Day 1; NII portion fully booked

    July 14, 2026

    SK Hynix Soars 19% as Leveraged ETFs Launch, Lifting Micron, SanDisk, Western Digital

    July 14, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Ripple Traders Jump Ship, Shiba Inu Price Struggles Against Bears, ETFSwap (ETFS) Eyes 200x Jump TO $3

    October 16, 2024

    Graphene Investments Dumps 55K CNC Shares for $3 Million

    October 14, 2025

    California to Italy, here are 7 wines to sip in October

    October 13, 2024
    Our Picks

    REIT-focused mutual funds on the anvil as dedicated indices make debut | Markets News

    July 14, 2026

    SBI Funds IPO subscribed 68% on Day 1 – IPO News

    July 14, 2026

    SBI Funds Management IPO GMP Live: Issue subscribed 0.55x on Day 1; NII portion fully booked

    July 14, 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

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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