Traverse County accepts bid to refund Nursing Home bonds, board cites 19.4% savings
Traverse County accepted Robert W. Baird & Company’s winning bid to refund the Nursing Home Revenue Refunding Bonds, Series 2012A at a rate of 2.2602%, a move the county finance consultant said would yield about 19.4% overall savings.
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Traverse County commissioners voted to accept the low bid from Robert W. Baird & Company, Inc., for the Nursing Home Revenue Refunding Bonds, Series 2012A, formalizing a refinancing plan the county’s finance adviser said will reduce borrowing costs substantially. Doug Green of Springsted, Inc., told the board the winning bid carried a rate of 2.2602% and that the refunding would produce overall savings of about 19.4%.
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