The city of Pleasantville had a bond that recently passed as part of Pleasantville’s obligation for the Adkins Industrial Project. The bond was passed at last week’s council meeting Tuesday, May 2.

Joe Mrstik, Pleasantville City Manager tells KNIA/KRLS News, “Bonds go out and were sold to financial institutions and the interest rates actually, while they are going up seems like every month, we were able to secure an interest rate less than what we anticipated so it’s good news on our end.”

According to Mrstik, the interest rate was four something percent, which was about half a percent less than what was anticipated. The bond was close to $2 million.

Mrstik tells KNIA/KRLS what this means to the community, “What it means is we’re just continuing to move. Pleasantville’s hot and heavy with that development as people who drive past on Highway 5, will see the construction has already started.” 

If everything stays on schedule everything with construction should be wrapped up by the end of the year.