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.