Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • SEBI mulls extending net fund settlement framework to mutual funds
    • 7 of the Best Charles Schwab Mutual Funds
    • AMP removes bonds from retirement funds as diversification fails
    • 7 Best Data Center Stocks, ETFs and REITs | Investing
    • Invesco Mutual Fund enters the SIF market with an equity long-short scheme – Mutual Funds News
    • Why 25% of India’s mutual fund money is in hybrid funds
    • SK Hynix Gets Dedicated Leveraged ETFs Ahead of High-Stakes AI Market Debut
    • Coal Ministry allows insurance surety bonds instead of bank guarantees | Economy & Policy News
    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

    AMP removes bonds from retirement funds as diversification fails

    July 2, 2026

    Coal Ministry allows insurance surety bonds instead of bank guarantees | Economy & Policy News

    July 2, 2026

    Two Savers Wake Up £1 Million Richer After July Premium Bonds Draw—One Won With Just £14,000 Invested

    July 1, 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

    GCP Infrastructure Investments: A 9% yield backed by an £850m portfolio and working to narrow its discount valuation

    June 25, 2026

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

    November 19, 2023
    Don't Miss
    Mutual Funds

    SEBI mulls extending net fund settlement framework to mutual funds

    July 3, 2026

    The Securities and Exchange Board of India (SEBI) is considering extending the net settlement of…

    7 of the Best Charles Schwab Mutual Funds

    July 2, 2026

    AMP removes bonds from retirement funds as diversification fails

    July 2, 2026

    7 Best Data Center Stocks, ETFs and REITs | Investing

    July 2, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    HDFC Defence Fund gave 145% return before restriction on fresh investment kicks in

    July 11, 2024

    Mutual fund holding in NSE-listed firms surpasses direct retail for the first time

    May 26, 2025

    Morgan Stanley Opens Up to Crypto ETFs. Who’s Next?

    October 15, 2025
    Our Picks

    SEBI mulls extending net fund settlement framework to mutual funds

    July 3, 2026

    7 of the Best Charles Schwab Mutual Funds

    July 2, 2026

    AMP removes bonds from retirement funds as diversification fails

    July 2, 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.