2/22/2013 - District Bond Refinance Saves District Money

District Takes Advantage of Low Interest Rates to Save Money


In October of last year and again in February of this year, the Board of Directors approved the refinancing of some of the District’s outstanding debt. The October refinancing of $9.1 million in outstanding bonds resulted in a savings of $1.2 million dollars over the life of the bonds. The February refinancing of $5.9 million in outstanding bonds resulted in a savings of $450,000 over the life of the bonds.