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Paducah moves to retire two small bond issues, staff says move saves about $30,000
Summary
The commission authorized early redemption of General Obligation Bond Series 2013A and defeasance of Series 2018B using existing funds; staff said the action will reduce debt-service appropriations and save roughly $30,000.
The Paducah Board of Commissioners on March 10 authorized a municipal order to pay and discharge the citys remaining General Obligation Bond Series 2013A and to defease General Obligation Refunding Bond Series 2018B using existing general fund revenues and an escrow with U.S. Bank as paying agent.
City finance staff said the 2013A bonds (originally $1,120,000) have…
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