Published by admin on Mon, 02/07/2022 - 2:33pm
The city of Gillett expects to save about $228,000 in interest payments after refinancing more than $2 million in debt.
The city council voted unanimously Feb. 3 to hire low bidder Northland Securities of Minneapolis to underwrite the refunding bonds.
The company was one of four underwriters who bid, securing the contract with a true interest cost of 2.48% over the remaining life of the debt. Bids ranged up to 2.73%.