Refinance up to $45 million in city bonds to reduce interest costs
In Plain English
The city wants to refinance existing bonds, similar to refinancing a mortgage when rates drop. This could lower the city's annual debt payments and free up money for other services. The $45 million represents the maximum amount they could refinance, not new debt.
Auto-generated summary. Source: official agenda documents.
Votes
Adopt Resolution No. 44-13
6 to 0
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