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EDA sells $14.5 million in bonds

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The Bemidji Economic Development Authority authorized the sale of $14.5 million in bonds at a 4.3244 percent true interest rate during its Monday meeting.

Myron Knutson of Public Financial Management told the EDA that the low bidder, of seven, was Northland Securities and Wells Fargo Brokerage Services L.L.C., which were bidding together as one group.

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