Approve $9.5 million bond refinancing to reduce city debt payments
In Plain English
The city wants to refinance existing bonds through a joint financing authority to get better interest rates. This refinancing could lower the city's annual debt payments and save taxpayer money over time. The bonds are backed by property assessments in a specific district.
Auto-generated summary. Source: official agenda documents.
Votes
Adopted Resolution No. 79-16
7 to 0
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