Hire financial experts and underwriters for $740,000 to refinance city pension bonds
In Plain English
The city borrowed money in pension obligation bonds to pay retirement costs and used complex financial tools called swaps and derivatives. These contracts hire experts to review those deals and help refinance the bonds. If approved, the city pays $740,000 total for financial advice, underwriting services, and legal counsel.
Auto-generated summary. Source: official agenda documents.
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