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City reports sewer-bond refinancing could free about $1 million annually for wastewater projects
Summary
Lake Havasu City officials said they and their financial team are pursuing a refinancing of callable sewer bonds; preliminary estimates indicate roughly $1 million per year in interest savings that city staff plan to reinvest in the wastewater system.
Lake Havasu City officials told attendees April 4 that the city is pursuing a refinancing of its sewer bonds and expects interest savings that will be reinvested in wastewater maintenance and projects.
Mayor Cal Sheehy recounted the city’s original wastewater bond program: voters authorized a bond in the early 2000s to build sewer infrastructure, the program ran from about 2002 through 2012 and the final outstanding debt after…
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