Moody's Investors Service has recently assigned an A1 rating on bonds and certificates to the City of Forest Lake. According to Moody's Investors Service, the rating was assigned due to the City of Forest Lake's strong financial operations displayed over the last three years and noted it anticipates further success. The new A1 rating will make the city a favorable candidate for low interest rates on the sale of bonds and certificates. Utilizing the A1 rating, the Forest Lake City Council approved the sale of $3,515,000 General Obligation Water Revenue Bonds and $1,510,000 General Obligation Equipment Certificates at its regular meeting on Oct. 24. The bonds will finance expansion of the city's water treatment and distribution system, while the certificates will purchase public works equipment for the city.

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Forest Lake Times
P.O. Box 218
880 SW 15 St.
Forest Lake, MN 55025
651-464-4601
Fax 651-464-4605