Issue $35 million in bonds to refinance existing wastewater debt
In Plain English
The city wants to replace older wastewater bonds with new ones at potentially lower interest rates. This refinancing could reduce annual debt payments and free up money for other city services. If approved, the city issues up to $35 million in new bonds to pay off existing wastewater system debt.
Auto-generated summary. Source: official agenda documents.
Votes
Adopt Resolution No. 106-08
7 to 0
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