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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'
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