April 22, 2015
The MINET Refinancing Bonds went on the market this morning. We closed the sales with a resulting net present value savings of $474,730.94, which is even better than the estimated savings of between $200,000 to $300,000 that we reported to Council in March. As a result, we are saving MINET approximately $35,000 in debt payments annually on this loan.
Gloria Butsch, Finance Director
City of Independence