Authorize Finance Team to prepare bond restructuring proceedings
In Plain English
The city wants to restructure 3 older bond issues from 2006-2007 that fund wastewater systems and other infrastructure. Restructuring typically involves refinancing at lower interest rates or extending payment terms. If approved, the Finance Team begins the legal process to potentially reduce the city's debt payments.
Auto-generated summary. Source: official agenda documents.
Votes
Approve the item
PassedSimilar Discussions
5 related items found by meaning
Issue $35 million in bonds to refinance existing wastewater debt
Issue bonds to refinance existing wastewater system debt
Authorize Finance Director to set interest rates on wastewater bonds
Refinance $146 million pension debt to eliminate costly interest rate swaps
Direct staff to negotiate refinancing deals for 2005 city bonds
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