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Independent advisers: Williamsburg debt profile healthy; library estimate rises to $26 million, BAN due this fall
Summary
Davenport, the city's independent financial adviser, told council the city's credit profile is strong, recommended showing rating agencies the city this summer, and said the library estimate has increased to about $26 million while a bond anticipation note will need takeout before October.
Davenport, the city's long‑standing independent financial adviser, briefed council on the debt portfolio and financing plans for near‑term capital needs. Advisers said the city's fiscal position and policies support its credit ratings and recommended a targeted outreach to rating agencies once the budget cycle allows.
Davenport noted a bond anticipation note that matures this October will need a long‑term takeout or…
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