Electric and storm sewer issue

Refinancing 2011E and 2012A - This week we heard from the City’s finance adviser, Mike Maloney of D.A. Davidson, that due to recent drops in interest rates, it was a good time to refinance two of our larger bond notes: 2011E and 2012A. This refinancing will save the City over $200,000 in interest costs in the next several years until the bond notes mature in 2031 and 2029, respectively. Included in the City Council meeting packet for Monday, is a memorandum from Mike explaining the refinancing process and an engagement letter for his firm’s services in this process.

Ryan Waller

Ryan Waller

Ryan Waller

Ryan Waller

(1) comment

Michael R May

Kudos for the format of this report, especially for the attachments of the underlying documents, e.g., the legal filing in the City's case against the County Board of Adjustment



Well done!


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