Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board approves resolution to pursue refunding of 2015A revenue bonds to realize estimated savings
Summary
Tampa Bay Water authorized parameters for a negotiated refunding of a portion of Series 2015A bonds; advisers estimate roughly $6 million net present value savings and annual debt-service reduction around $530,000 if market conditions hold.
Tampa Bay Water’s board authorized a supplemental bond resolution on May 19 that establishes parameters to pursue a negotiated tax-exempt refunding of part of the authority’s Series 2015A utility system revenue bonds.
Bond counsel and financial advisers briefed the board on the structure and timing; PFM Financial Advisors estimated the refunding could yield approximately $6 million in net present value savings (about 3.5% of refunded principal) and reduce…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
