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Council authorizes consideration of up to $11.5M in refunding bonds for police station debt
Williamsburg City Council · April 11, 2025
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Summary
Council approved resolution 25-04 to allow issuance of general obligation refunding bonds not to exceed $11.5M to refinance prior police-station debt; authorization is conditioned on suitable market terms and a true interest cost cap of 5%.
Council authorized staff to pursue refunding of bonds related to the police station project, adopting a resolution that would allow issuance of general obligation refunding bonds in an aggregate principal amount not to exceed…
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