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2015 Revenue Refunding Bonds <br /> • Financing team appointed on 1/28 <br /> • Negotiated sale to Raymond James <br /> • $7.585 million estimated size <br /> • Estimated net present value savings are $655,000 <br /> • Equals 8.6% of new debt <br /> • Estimated all-in true interest cost = 3.93% <br /> • Estimate average annual savings = $61,500 <br />