Execute swap agreement for existing wastewater bonds
Resolution Resolution No. 82-09
In Plain English
The city has outstanding bonds that funded wastewater infrastructure projects. A swap agreement changes the interest rate terms on these bonds, typically converting variable rates to fixed rates or vice versa. If approved, this could change the city's annual debt payments and overall borrowing costs.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
7 to 0
Community Discussion
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Similar Discussions
5 related items found by meaning
Authorize swap agreement for wastewater bonds
Issue bonds to refinance existing wastewater system debt
Issue $45 million in wastewater revenue bonds for system improvements and refinancing
Authorize Finance Director to set interest rates on wastewater bonds
Adopt resolutions for variable rate wastewater revenue bonds and refinancing agreements
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