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Council moves to prepay $3.43 million of Skyline Center variable‑rate debt
Wilmington City Council · April 7, 2026
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Summary
Wilmington approved an ordinance to appropriate $3,427,210 from the debt‑service fund to prepay the taxable variable‑rate portion of the 2023B Skyline debt, reducing market‑rate exposure; staff said the action leaves about $40.3 million in remaining structured obligations.
Wilmington City Council unanimously approved an ordinance to prepay the taxable variable‑rate portion of the 2023B debt issued for the Skyline Center acquisition.
Chief Financial Officer Martha Wayne told council the original financing for the Skyline acquisition totaled $68 million and included a…
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