Skip to main content
File #: Res#14-11    Version: 1 Name:
Type: Resolution Status: Passed
File created: 8/11/2014 In control: Borough Assembly
On agenda: 8/18/2014 Final action: 8/18/2014
Title: 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.
Indexes: Bonds, School, Taxes
Attachments: 1. Res. 2014-11 School Bond Refi.pdf
Title
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.