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Council Approves Bond Refinancing Effort

The Sidney City Council approved a proposal that is expected to save the city thousands of dollars on loans.

Paul Donna, managing director of public finance for Robert W. Baird & Co. Inc., addressed the city council Aug. 25 regarding options to lower the City's interest rate on bonds they are paying.

“About a week ago (prior to the meeting), we hit historic lows again,” Donna said.

He addressed three different bond obligations with interest rates expected as low as 1 percent. One of the City's obligations -- 2014 various purpose bonds totaling about $750,000, is expected to save the ci...


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