City saves over 7 million with bold bond market move

In a recent government meeting, officials discussed a successful bond sale that resulted in significant savings for the city. A key participant highlighted the favorable conditions in the bond market, which prompted a swift decision to proceed with the sale on August 6. This decisive action led to a remarkable saving of over $7 million within just three days, attributed to the market's fluctuations and instability at that time.

The speaker credited the success to the collaborative efforts of various stakeholders, including Raymond James as the underwriter, Bradley as bond counsel, and Terminus as municipal financial advisors. The teamwork and shared vision among city counselors were also emphasized as crucial to the approval process, which allowed the bond sale to move forward.

This achievement underscores the importance of timely decision-making in financial matters and the potential for substantial fiscal benefits when city officials work cohesively towards a common goal.