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MURRAY COUNTY COMMISSIONERS

February 6, 2013

Sewer Bonds refunded with lower interest rate
By Dorothy Bloemendaal

The Murray County Board of Commissioners called an extra meeting during the month of January for a bid opening and other business.

George Eilertson, Northwest Securities, brought to the board an overview of General Obligation Sewer Revenue Crossover Refunding Bonds. The call date on the original bonds is February 2017. The county has a Aa3 bond rating based on reserves of seven months, manageable debt, etc. Eilertson said the county has an excellent rating (and is) “doing something right here”. The board had indicated earlier they would considered new bonds if there was a savings of a minimum of $150,000.

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©Murray County News 2014