City issues $4.2M bond to refinance existing debt

the Mayor · Dec 17, 2013

$4.2M

Refinancing existing debt can lower interest costs and free up cash for other city services, but the financial impact depends on current market rates and the terms of the original bonds.

Bond Ordinance

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City issues $4.2M bond to refinance existing debt

Special assessment: $6,553 demolition cost at 122 6th Ave N

Special demolition assessment: $12,661 for 1821 Maple Avenue

Special assessment: $10,981 cost for demolition at 3501 Bessemer Avenue