News Flash

2015 City News Releases

Posted on: May 4, 2015

City to issue $41 million of bonds for sewer system improvements May 11

FOR IMMEDIATE RELEASE The City of Springfield plans to issue approximately $41 million of bonds for sewer system improvements, which have been rated Aa2 by Moody’s Investor’s Service. Moody’s also affirmed the Aa1rating on the City’s outstanding general obligation debt. The rating reflects the solid financial position of the City. “We anticipate the city’s financial operations and reserve position will remain stable in the near-term given continued improvement in financial metrics including liquidity and General Fund balance,” Moody’s said in a news release issued about the bonds. The bond proceeds will be used to complete sewer improvement projects outlined in both the Early Action Plan and the Overflow Control Plan, the latest of which was approved by City Council in December 2014. The bond sale will finance an expansion of the anaerobic digester at the Southwest Wastewater Treatment Plant to replace aging equipment and accommodate community growth, as well as rehabilitation of approximately 100,000 linear feet of clay pipe to reduce excessive inflow and infiltration within selected sub-basins. The bonds will be repaid with sewer revenues. The bonds are expected to be offered to the public the week of May 11. The City is offering local individual investors who are interested in purchasing these bonds priority access. An order period will be established on the day of the sale specifically for retail investors. Interested persons may contact their broker or the local office of Oppenheimer at 417-886-8005. For more information, please contact Cora Scott Director of Public Information & Civic Engagement for the City of Springfield, 417-864-1009 (office) | 417-380-3352 (cell), cscott@springfieldmo.gov.

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Other News in 2015 City News Releases

Jan. 12 City Council meeting summary

Posted on: January 12, 2015

Filing closes for City Council seats

Posted on: January 20, 2015

Jan. 26 City Council meeting summary

Posted on: January 26, 2015

Feb. 9 City Council meeting summary

Posted on: February 9, 2015

Monthly sales tax revenue down

Posted on: February 10, 2015

Feb. 23 City Council meeting summary

Posted on: February 23, 2015

Landmarks Board meeting cancelled

Posted on: March 3, 2015

March 9 City Council meeting summary

Posted on: March 9, 2015

March 23 City Council meeting summary

Posted on: March 23, 2015

Media Tour of Heer's Luxury Living

Posted on: March 24, 2015

Monthly sales tax revenue down

Posted on: April 7, 2015

April 27 City Council meeting summary

Posted on: April 13, 2015

April 13 City Council meeting summary

Posted on: April 13, 2015

Gift of Time nominations now open

Posted on: April 20, 2015

April 27 City Council meeting summary

Posted on: April 13, 2015

April 13 City Council meeting summary

Posted on: April 13, 2015

Gift of Time nominations now open

Posted on: April 20, 2015

April 27 City Council meeting summary

Posted on: April 27, 2015

June 22 City Council meeting summary

Posted on: June 22, 2015

July 13 City Council meeting summary

Posted on: July 13, 2015

July 27 City Council meeting summary

Posted on: July 27, 2015

Aug. 10 City Council meeting summary

Posted on: August 10, 2015

City responds to Sheriff's Counterclaim

Posted on: August 14, 2015

Aug. 24 City Council meeting summary

Posted on: August 24, 2015

Sept. 14 City Council meeting summary

Posted on: September 14, 2015

Sept. 28 City Council meeting summary

Posted on: September 28, 2015

Oct. 12 City Council meeting summary

Posted on: October 12, 2015

Oct. 26 City Council meeting summary

Posted on: October 26, 2015

Five City Councilmembers issue statement

Posted on: November 2, 2015

Nov. 9 City Council meeting summary

Posted on: November 9, 2015

City of Springfield Weekly News Tip Sheet

Posted on: November 18, 2015

City of Springfield Weekly News Tip Sheet

Posted on: November 23, 2015

Nov. 23 City Council meeting summary

Posted on: November 23, 2015

Awards & Achievers

Posted on: November 25, 2015

City of Springfield Weekly News Tip Sheet

Posted on: December 14, 2015

Dec. 14 City Council meeting summary

Posted on: December 14, 2015

Video looks back at 2015

Posted on: December 31, 2015