At a Sept. 13 workshop session, city aldermen were presented with options for refinancing debt, which would extend the debt out 13 years, but free up money to spend now on capital projects. These options include freeing up $8.1 million to use for the municipal building project and other needs, such as road and infrastructure improvements, and another would free up $5.2 million to pay only for the municipal building.
COur View: Debt restructure includes pitfalls | Daily Chronicle
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