Refinance $3.2 million in city bonds from 2000 to lower interest rates
Resolution 154-05
In Plain English
The city issued bonds in 2000 to pay for street and utility improvements in the Country Club Vista neighborhood. Interest rates have dropped significantly since then. Refinancing these bonds saves taxpayers money through lower monthly payments over the remaining loan term.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
8 to 0
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