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
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