Bonds For New City Administration Building To Be Sold Oct. 20

Bonds to build the new city administration building in Sioux Falls are set to be sold Oct. 20.

According to the City of Sioux Falls, they will sell up to $25 million in bonds through a bid process. The budget for the building is about $22 million to design, build and furnish. The budget also includes improvements to Van Eps Park and Dakota Avenue.

The City of Sioux Falls’ bond rating is set at an Aa2. Out of 22 rating scales, the Aa2 rating is the third highest rating that can be achieved according to Moody’s Investor Service.