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Commissioners approve plan to explore refinancing 2015 water and sewer bonds; staff seek savings
Summary
Okaloosa commissioners authorized staff and financial advisor Hilltop Securities to prepare documents to refund callable portions of the county’s 2015 water and sewer revenue bonds, with staff citing estimated net present value savings of about $2.3 million (roughly 6.4%).
The board voted unanimously to authorize county staff and financial advisor Hilltop Securities to prepare documents and reports necessary to pursue a potential refunding of callable portions of the county’s 2015 water and sewer revenue bonds.
Departmental presenters said the action does not incur new debt; it would exercise a callable option on long‑term bonds and seek to lower interest costs while maintaining the same final maturity and…
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