On Tuesday, Feb. 12, the City of Lincoln City conducted an auction to refinance $8,888,000 of its 2005 sewer bonds. The city was able to refinance the bonds at an interest rate of 2.44 percent, which is 2.09 percent lower than the previous rate of 4.53 percent. The new interest rate will lead to cost savings of $1,224,554, which is money that Lincoln City taxpayers and ratepayers will not have to pay in the future.For the complete article see the 02-20-2013 issue.
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