City gives go-ahead to refinance existing bonds

City gives go-ahead to refinance existing bonds
News
Wednesday, November 2, 2011 - 3:17am

Parker says city would save about $844,000

The Lufkin Daily News reports; Some 2011 General Obligation Bonds could soon get refinancing. A move city manager: Paul Parker says would save the city hundreds of thousands of dollars.

The vote for the second reading came at Tuesday's city council meeting. Lufkin Mayor: Jack Gordon echoed Parker's thoughts saying this move will save the city a bunch of money.

To read more on the council meeting, head to The Lufkin Daily News website: http://lufkindailynews.com/news/local/article_aaf039f6-04f7-11e1-9c54-001cc4c002e0.html

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