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County hears proposal to refund Hansen‑area bonds to shorten TIF life, lower interest costs
Summary
Officials reviewed a preliminary analysis proposing refunding 2013 and 2015 Hansen bonds; analysts expect the move to reduce interest by roughly two percentage points and to shorten TIF maturities to about 2031–2032, accelerating revenue transfers to Whitestown.
Unidentified Speaker 1 presented a preliminary analysis from county staff and a proposal by Landon Bone and his group to refund certain Hansen‑area bonds. The speaker said the plan targets three sets of outstanding bonds (the 2013 and 2015 series among them) and would retire or restructure debt so remaining bond maturities would be brought forward.
"This shortens the life of…
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