The Herald, Puyallup, WA -
Puyallup achieved greater-than-expected savings as it refinanced portions of three prior bond issues, according to a city news release.
Puyallup achieved greater-than-expected savings as it refinanced portions of three prior bond issues, according to a city news release.
The city sold $13.5 million in bonds to replace existing debt on Jan. 29. The action resulted in net savings of $754,833 during the next 13 years, exceeding the city’s 3 percent minimum-savings goal by 2.5 percent.
When does a city trumpet a credit ratings downgrade? After digging itself out of a $63 million budget hole, that’s when.
When does a city trumpet a credit ratings downgrade? Apparently, after digging itself out of a $63 million budget hole, that’s when.
The McLane Black Lake Fire Department refinanced the district’s general obligation bonds, saving taxpayers $743,000, according to the department.
The McLane Black Lake Fire Department refinanced the district's General Obligation Bonds, saving taxpayers $743,000, according to a news release.
Taking bids in winter for a project upgrading and expanding Pasco's process water reuse facility resulted in about a 15 percent savings over bids received during the summer, said city officials Monday.
Ahmad Qayoumi, the city's Public Works director, told the city council that the project originally was advertised for construction during the summer of 2012, but all of the bids came in higher than what the city budgeted.
Those bids were rejected, the project design was modified and the city solicited bids a second time in December and January.
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