Suisun City

Suisun council to review bonds refinance to save millions

By From page A3 | August 18, 2014

SUISUN CITY — City Council members will look Tuesday at refinancing some outstanding bonds of the city’s dissolved redevelopment agency – a plan that could save taxpayers millions.

A city staff report says that, based on current market rates, refinancing the bonds will generate $11 million in interest savings through 2033. Annual savings are estimated at $590,000 per year.

The agency has three series of bonds, according to a staff report. All have provisions that allow for refinancing.

The meeting begins at 7 p.m. in the council chamber, 701 Civic Center Blvd. The complete agenda can be found at www.suisun.com.

Reach Amy Maginnis-Honey at 427-6957 or [email protected] Follow her on Twitter at www.twitter.com/amaginnisdr.




Amy Maginnis-Honey

Amy Maginnis-Honey

Amy Maginnis-Honey joined the staff of the Daily Republic in 1980. She’ll tell you she was only 3 at the time. Over the past three decades she’s done a variety of jobs in the newsroom. Today, she covers arts and entertainment and writes for the Living and news pages.

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