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City will refinance bonds to save cash

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The Rosemount City Council could save more than $200,000 by refunding some of its bonds. In laymans terms, the city will refinance some of its debt to get a better interest rate.

Finance director Jeff May told the council during a work session Oct. 13 that the main reason for doing the refundings is because of the market and lower interest rates available to the city.

"It could save a pretty significant amount of money," said May.

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Emily Zimmer
Emily Zimmer has worked as a staff writer for the Rosemount Town Pages since 2007. She has a degree in journalism from Minnesota State University, Mankato. Outside of work, Emily enjoys running, reading and gardening. You can follow Emily's gardening adventures at the Areavoices blog East of Weedin'
(651) 460-6606
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