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Committee hears bond‑refunding plan and approves forwarding resolutions to save taxpayers on debt service
Summary
Financial adviser Davenport outlined plans to refund outstanding debt and issue bonds (about $250M planned borrowing) that could save roughly $33–$40 million in general‑fund debt service; the committee voted to forward two refunding resolutions to full council with recommendation to approve.
The committee heard presentations on two refunding resolutions and on the city's debt‑management practices, then voted to forward both resolutions to full council with recommendations to approve.
Resolution 20 26 R11 would authorize issuance of up to $42,800,000 in city general obligation public‑improvement refunding…
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