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AgdaPkt 2013-05-20 Closed Cancelled and Special
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AgdaPkt 2013-05-20 Closed Cancelled and Special
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Last modified
5/30/2013 3:32:59 PM
Creation date
5/16/2013 3:56:45 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Public Finance Authority
Date
5/20/2013
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Pu bl ic Fi na nci n Authorit Bonds <br /> � y <br /> Refundin <br /> � <br /> Proposed Debt: <br /> ■ Private Placement with BBVA Compass Bank <br /> ■ No Debt Service Reserve Fund <br /> ■ Amount to be borrowed - $3.36 million <br /> ■ I nte rest Rate = 1.51% <br /> ■ Net Present Value Savings = $257,000 or 7.6% of new debt <br /> ■ Average annual debt service savings - $282,000 <br />
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