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Greenfield council approves $7.485 million general-obligation promissory notes
Summary
The Greenfield Common Council unanimously approved a resolution to sell $7,485,000 in general obligation promissory notes, Series 2025A, locking in a lower-than-expected interest cost and a small increase to the debt-service tax rate, the city's financial adviser said.
The Greenfield Common Council on April 2 unanimously approved a resolution to sell $7,485,000 in general obligation promissory notes, Series 2025A, the council and the city's financial adviser said.
City financial adviser Joe Murray of Ehlers told the council the sale drew five bids and that the winning bidder, R.W. Baird, offered a true interest cost of 3.512%, about 38 basis points lower than the city's projection. "The winning bid came in from RW Baird with a true interest cost, or a TIC, of 3.512%." Murray said.…
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