Content about counsel

06.17.11

Refinancing

Bellevue Council voted Tuesday to put the borough in the position to refinance its outstanding bonds if market conditions make the move sufficiently profitable for the borough.

Representatives of the broker, as well as bond counsel, told officials that the ordinance will authorize them to act if the borough can achieve a savings of at least 2 percent of the $6 million principal, or of at least $100,000 if only part of the bond is refinanced.

09.10.10

“The time is right”

Experts are telling the Avonworth School Board to act now to secure financing for the the construction of an $18 million primary center.

What began as an attempt to take advantage of lower interest rates to refinance two current bond issues has blossomed to include the nearly $16 million Avonworth still needs to build the new school.

08.13.10

Bond refinancing

At its regular meeting on Aug. 9, the Avonworth School Board took the first step toward refinancing the districts bond issues.

It unanimously authorized the proper officers of the Board to explore the possibility of issuing general obligation bonds and appointing professionals to assist the school district in taking the necessary actions to accomplish the refinancing.