The Audubon City Council is set to meet Monday evening, to act on a resolution authorizing an amendment to a loan and disbursement agreement between the City, and the Iowa Finance Authority (IFA). The Council will also act on authorizing and providing for the re-issuance of the $2.066-million Sewer Revenue Capital Loan Note, Series 2002. The action is needed in order for the City to take advantage of a new, IFA reduced the interest rate from 3-percent to 1.75-percent.

The Council will also act on Audit proposals, and a motion to accept them, along with approving a request from the Audubon Chamber of Commerce pertaining to the T-Bone Celebration.

The meeting begins in the Audubon City Hall’s Council Chambers, at 7-p.m., Monday.