Council Approves Bond Refinancing Effort
September 2, 2020
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...