| Current Poll |
Should members of the LSU Board of Supervisors disclose who receives their scholarships?
View Results
|
|
Story Archives: Monroe refinances bonds
- 2013 - 801 articles
- 2012 - 1954 articles
- 2011 - 2029 articles
- 2010 - 2139 articles
- 2009 - 2066 articles
- 2008 - 1757 articles
|
Monroe refinances bonds
The City of Monroe will benefit from a little Christmas in July by way of a measure to refinance a large chunk of the city's long-term debt.
At a regular meeting of the Monroe City Council Tuesday night, councilmen unanimously approved an ordinance to refinance some $32 million worth of bonded indebtedness.
The original bonds were issued from 2001 to 2005 through the state Department of Environmental Quality. The city incurred the debt to pay for sewerage infrastructure work, and they carry an interest rate of 3.95 percent. Each year, the city pays roughly $3.6 million on the bonds.
.....For the full story, subscribe to the The Ouachita Citizen's NEW E-Edition! |
|
|
E-mail Story
Print Story
