(KLZA)-- The Auburn City Council heard a request during their October 14 meeting from Board of Public Works General Manager Dave Hunter, to pursue refinancing of BPW water plant, waterline and a well loan to new 20  year bonds. 

It is estimated that by refinancing the loan and selling bonds, over the 20 year life of the bonds, the savings could amount to $300-thousand dollars or more. 

The Council approved a motion in favor of the refinancing which will require further Council action during their Tuesday, November 12 meeting. 

In other business the Council discussed an application for a planning grant for downtown revitalization.  No action was taken.