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News Review
City Receives Record Low Interest Rate on Debt for Dog Park, Other Projects
Posted Date: 4/9/2014 1:00 PM

The City Council approved the issuance of $7.9 million in new debt Monday that will pay for a dog park, Next Generation 911 system and major equipment for various City departments. The City was able to finance the debt at a record low interest rate of 1.02 percent because of the short-term life of the certificates and the City’s top credit rating from Moody’s and Standard & Poor’s, which was reaffirmed last month.

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