Venice Council Sees Narrow Savings On Water Sewer Bond Refi
Venice City Council discussed financing options for the utility expansion and Harbor Lights projects. Bond counsel from William Hough & Co noted general obligation bonds would require voter approval and likely yield limited interest savings on nearly 10 million dollars in bonds.
MENTIONED IN THIS ARTICLE
Venice
Harbor Lights
Chuck Smith
Worth Blackwell
William Hough & Co
Chauncy Howard
The
Venice Taxpayers League
Howard
Smith
Blackwell
City weighs bond options amid interest rate concerns
Council hears projections on general obligation versus revenue bonds with a potential 0.25 to 0.5 percent rate gap and $750,000 savings over 30 years. Officials note timing, security quality, and the impact of Proposition 13 on bond appeal while discussing Harbor Lights sewer hookups and possible Industrial Revenue Bonds.
MENTIONED IN THIS ARTICLE
Blackwell
Smith
California
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