Florence City Council approved a second reading of a bill to issue bonds totaling about $7.1 million dollars.
On Tuesday, Florence City Council held a second reading of a bill to issue a $2.9 million general obligation bond anticipation note and a $4.2 million general obligation bond anticipation note.
City Manager Drew Griffin confirms during the open session, the council unanimously approved the second reading.
The money is supposed to defray the cost of economic and development efforts in the city’s downtown area.
Because the project is in the early stages, the city would not tell News13 any more information.
