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PLEASANT GROVE OKS PARK BOND

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If all goes well, $1.2 million will be in the city coffers by Nov. 17 to begin work on the new Manila Park in the north part of the city.

In September's primary, residents voted overwhelmingly in favor of a $1.2 million general obligation parks and recreation bond to build the additional park. In Tuesday's City Council meeting, the council authorized the issue, sale and delivery of the 1992 series of that bond.Closing documents will be prepared and executed and bonds printed by Monday. Following publication, a 30-day contestability period will follow. Delivery of the bonds and receipt of the funds by the city is expected by mid-November.

Pleasant Grove received a positive rating of "Baa" by the Moody's Investors Service, providing a credit rating that may help with future projects.