City of Racine - File #: Res.0266-16

• File #: Res.0266-16
• Version: A
• Name: Refinancing Opportunity for a 2007 Bond Issue
• Type: Resolution
• Status: Passed
• File created: 8/1/2016
• In control: City Attorney's Office
• On agenda: 8/1/2016
• Final action: 8/1/2016
• Title: Refinancing Opportunity for a 2007 Bond Issue Resolved, that the refinancing if the callable maturities of the April 7, 2007 Water System Mortgage Revenue Refunding Bonds for calendar years 2017-2020 is approved. Fiscal Note: Refinancing of this bond issue has the potential of saving the Water Utility approximately $365,000.00 over the remaining five years of the loan.
• Sponsors: Q.A. Shakoor II
• Related files: 0531-16

Date	Ver.	Action By	Action	Result
8/1/2016	A	Common Council	Approved as Presented	Pass

Sponsor

Alderman Shakoor

Title

Refinancing Opportunity for a 2007 Bond Issue

Resolved, that the refinancing if the callable maturities of the April 7, 2007 Water System Mortgage Revenue Refunding Bonds for calendar years 2017-2020 is approved.

Fiscal Note: Refinancing of this bond issue has the potential of saving the Water Utility approximately $365,000.00 over the remaining five years of the loan.