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City and EDA ratify $6.125 million lease‑revenue refunding bonds; officials cite about $1.3 million in present‑value savings
Summary
On Jan. 7 the Chaska City Council and the Chaska Economic Development Authority ratified the sale of $6,125,000 in EDA lease‑revenue refunding bonds (Series 2025 B). City advisers said the refunding will shorten repayment by one year and yield roughly $1.3 million in present‑value savings and about $42,000 in annual savings.
The Chaska City Council and the Chaska Economic Development Authority on Jan. 7 ratified the sale of $6,125,000 in lease‑revenue refunding bonds (Series 2025 B) that were sold to DA Davidson, city financial advisers said.
Chris Hogan, municipal adviser with Baker Tilly, told the council the EDA issued and sold the bonds in a public sale and received a rating of AA‑. Hogan said the bonds refunded the EDA’s 2015…
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