Stories indexed with the term ‘refinancing’

Final approval to refinance debt for a sewer system on the county’s west side was given by Washtenaw County commissioners at their Feb. 20, 2013 meeting. The refinancing, which is intended to save about $110,000 in interest payment, got initial approval at the county board’s Feb. 6, 2013 meeting. [.pdf of bond resolution]

The resolution authorizes the sale of refunding bonds that would be used to pay the remaining principal on existing bonds that were sold in 2004. That year, the county sold $5.115 million in bonds to help Lyndon and Sylvan townships pay for the sewer. Of that amount, $2.25 million remains to be repaid. According to a staff memo, the project built sewers at Cavanaugh, Sugar Loaf, … [Full Story]

The Washtenaw County board of commissioners has given initial approval to refinance debt for a sewer system in Lyndon and Sylvan townships, on the county’s west side. The action was taken at the board’s Feb. 6, 2013 meeting and is intended to save about $110,000 in interest payments. A final vote is expected on Feb. 20. [.pdf of bond resolution]

The resolution authorizes the sale of refunding bonds that would be used to pay the remaining principal on existing bonds that were sold in 2004. That year, the county sold $5.115 million in bonds to help the townships pay for the sewer. Of that amount, $2.225 million remains to be repaid. According to a staff memo, the project built sewers … [Full Story]