TITLE: Title
A Motion by the Trotwood City Council to schedule a Public Hearing and to authorize the Law Director to draft an Ordinance providing for the issuance and sale of bonds in an aggregate principal amount to pay the cost of the refunding of the Various Purpose Refunding Bonds, Series 2010A and 2010B, for the issuance of new monies and to approve the various agreements as necessary.
Body
PURPOSE: Schedule Public Hearing and draft legislation
DEPARTMENT: Finance Department
CONTACT INFORMATION: Chris Peeples, Director
INFORMATION: Refinance Various Purpose Refunding Bonds, Series 2010A and 2010B
FISCAL & STAFF IMPACT: Refinancing the Various Purpose Refunding Bonds, Series 2010A and 2010B, will result in over $980,000 in total cash savings over the remaining term of the bonds and will lock in low interest rates.
RECOMMENDATION: Recommend Approval