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Council Notes Bond Refinancing Will Lower CFD Debt Service and Deliver Property Tax Savings For Affected Areas
Tustin City Council · April 1, 2025
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Summary
Council acknowledged a recent CFD bond refinancing that staff said reduces debt service by about $575,000 annually and about $5.1 million over the bond term; staff clarified savings flow to affected CFD property owners (not the general fund).
During the consent calendar discussion the council pulled item 7 for brief comment. Councilmember Snell thanked Director Jennifer King for proactively reviewing refinancing yields and reported estimated savings to affected…
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