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City prepares refinancing package

By Ken Anderson
News Correspondent

Preparation of a refinancing package for city debt and specific projects was approved by the Eagle River City Council last week, with final action scheduled for the July 9 council meeting.

Brad Viegut of R.W. Baird presented a number of financing options during a joint meeting of the council and Light & Water Commission. The city has a Note Anticipation Note (NAN) due Sept. 1 that will include repayment of $2.46 million and will include $401,000 in new borrowing.

“We looked at about five different scenarios

Tuesday, April 30, 2013 5:57 PM
 

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