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Pasco staff introduce ordinance to refinance 2015 water and sewer bonds, citing potential $850,000 savings
Pasco City Council · October 15, 2025
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Summary
Interim Finance staff introduced an ordinance to allow refinancing of part of the city's 2015 water and sewer bonds, saying current market conditions could yield about $850,000 in savings.
Interim Finance Director (presentation referred to in transcript as Director Garcia) told the council that staff plans to introduce an ordinance authorizing the refinancing of water and sewer revenue bonds issued in December 2015.
Garcia said the earliest call date for the outstanding bonds is December 2025 and staff and the city's financial advisors…
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