A $3.2 million bond sale was approved at Tuesday night’s Pella city council meeting. City Administrator Mike Nardini tells KNIA/KRLS that due to Pella’s excellent credit rating, they received 12 bids from around the country, with FTN Financial out of Memphis Tennessee having the best offer with a 1.51% true interest cost over a nine year term. Nardini adds that the $3.2 million will be used for the Indoor Pool renovation that is scheduled to begin in April, and be finished by November.