Paris council remains silent on water, sewer contract audit theparisnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theparisnews.com Daily Mail and Mail on Sunday newspapers.
Paris City Council approved the sale of $46.065 million in certificates of obligation and received an update on the Paris-Lamar County Health District Covid-19 vaccine clinic at Monday nightâs meeting.
Councilors met behind closed doors with Jeffery Sockel of Chicago-based Alfred Benesch & Co., the engineering firm charged with an audit of a controversial $24 million water and sewer contract with Oscar Renda Construction. Described in the agenda as a meeting with the city attorney, Sockel was seen entering and exiting the closed door session. The council took no action after the meeting.
Bond adviser Mark McLiney with Samco Capital Markets brought the news of the sale of $46.065 million in certificates of obligation to Texas-based Hilltop Securities with a 2.216495% interest rate and a savings of $7.5 million from earlier interest projections.