Officials discuss wastewater loan, asset‑management plan and refinancing limits
Staff told the council the town's wastewater loan carries about a 4.5% interest rate; Rural Development has extended the annual report deadline and said it will not refinance the existing loan though refinancing options and an asset-management plan were discussed.
The full story
At the meeting staff reported the town is paying roughly 4.5% on its Rural Development wastewater loan and that Rural Development extended the wastewater annual report deadline through the end of September. The presenter said Rural Development would not refinance the existing loan but noted interest rates elsewhere are lower and recommended investigating options for a new loan or additional funds for infrastructure improvements.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in