Resolution #2014-11: A Resolution to Refinance General Obligation School Bonds (short title) The municipal bond market is favorable for this refinancing. Passage of the resolution would allow the refinancing of 2005 GO Bonds at a more favorable interest rate. Refinancing the bonds has the potential to save approximately $323,000 in interest payments. This refinance represents an obligation to Service Area #1 (prior city limits) only.

Committee

Borough Assembly

Introduced

August 11, 2014

On agenda

August 18, 2014

Passed

August 18, 2014