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County staff recommends moving bond-refunding engagement to Monday; estimates $1 million savings
Summary
Finance staff proposed a bond refunding covering school, sheriff’s office and sewer debt that would not extend maturities and could save about $1 million over 10 years; the board agreed to move engagement letters and a public hearing onto the Monday agenda and schedule a Feb. 29 hearing.
Davidson County finance staff told commissioners on Jan. 8 that market conditions present an opportunity to refund three prior issuances — Oak Grove High School, the sheriff’s office building and a sewer series — and that the transaction would not extend the existing repayment terms.
County staff said the refunding could yield roughly $935,000 to…
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