(KLZA)-- Richardson County Commissioners voted Tuesday to adopt a resolution to call and refund the series 2015 limited tax obligation bonds sold to finance the Richardson County Law Enforcement Center.
Andrew Forney, Vice-President of D.A. Davison and Company reviewed the benefits of refinancing the bond with Board members David Sickel, John Caverzagie and Terry Frank.
The County originally sold just over three-million dollars in bonds with an interest rate of 2.97 percent. By recalling the original bond series, the estimated savings will be in the neighborhood of $600-thousand depending on the interest rate at the time of the sale of the new bonds.
It is anticipated the new bond interest rate will be around 1.6 percent.
By refinancing the bonds and paying down a significant portion of the principal, Richardson County will also be able to pay off the bonds a year earlier, in 2029.
© Many Signals Communications
MOST VIEWED STORIES
Holton man killed in Jackson Co crash
Morrill pair arrested on drug, child endangerment charges
Cold case investigation leads to Holton warrant
Horton City Clerk's resignation accepted Monday
Effingham owner regains truck following theft, arrest
Falls City man sentenced to Federal Prison
Ground Broken for new Sac and Fox Trad'n Post
Local residents avoid injury in chain reaction crash
Jackson Co traffic stop leads to arrest
One held for past Atchison shooting
90 mph+ downburst winds blamed for Thursday damage
Wamego man sentenced in second fentanyl-related death
Mayetta pair arrested on meth, child endangerment charges
Stolen trailer, 4-wheeler, recovered in Atchison
Early Thursday storms leave damage, outages, locally
Juveniles face charges following Atchison break-in
Atchison Co's Oswald named honorary bailiff for KS Court
LATEST STORIES
Sheriff's Office to take part in drug take back event
Council hears report from golf course
Commission approves agreement for budget help
Pawnee City School Board approves personnel changes
Hazard mitigation planning meeting set for Atchison County MO
Effingham owner regains truck following theft, arrest
Cold case investigation leads to Holton warrant
Senator Slama on tax relief efforts
RELATED STORIES
Open House Set for New Richardson Co Law Enforcement Center
Richardson County Jail Kitchen Discussed
New Richardson Co Law Enforcement Center on Schedule
Decisions Needed To Be Made on Richardson County Jail Kitchen
Richardson County Jail Contract Signed
Richardson Co Commission Awards Bid for Jail Project
Richardson County Board Receives Jail Funding Proposals
Richardson County Commissioners Receive Update on Jail Bids