WASHINGTON -- The District of Columbia has received two proposals from banks to back a $250 million note sale planned for Dec. 28, district officials announced Friday.

Mayor Sharon Pratt Kelly said the winner will be announced this Friday, but the names of the bidders will not be released before then at the request of the banks. While the sale is planned under Kelly's administration, officials said the closing will occur early next month under Marion Barry, who will succeed her on Jan. 2.

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