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Board ratifies bond refunding that will save taxpayers about $1.02 million
5806056 · August 14, 2025
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Summary
The board approved a 2025 resolution to complete a refunding of 2015 bonds after staff reported $1,020,804.17 in estimated savings, exceeding a $500,000 benchmark set in April 2025.
The board voted to ratify a 2025 bond refunding resolution that staff said will deliver $1,020,804.17 in taxpayer savings from refunding bonds issued in 2015.
A staff member told the board that in April 2025 the body approved a parameters resolution setting a minimum savings benchmark of $500,000 to justify refunding costs and that the bonds were priced in August…
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