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Romulus Authorizes Up to $10.5M in Refunding Bonds; Finance Team Estimates ~$400,000 Savings
Romulus City Council · October 14, 2025
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Summary
The council authorized a tax resolution to issue 2025B/2025C refunding bonds (up to $10.5 million) to refinance prior series and cover issuance costs; bond counsel said the refunding could yield about $400,000 in savings for the city.
The Romulus City Council on Oct. 13 adopted a tax resolution authorizing issuance of refunding bonds labeled 2025B and 2025C, with authorization of up to $10,500,000 to refund prior series and cover issuance costs.
Pat McGowan, bond counsel with Miller Canfield, told council the resolution authorizes issuance of up to $10.5 million to pay off…
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