(7)(e)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 02/19/2020
- Title:
- PLAN OF FINANCE FOR THE REFUNDING OF THE CITY OF TEXAS CITY, TEXAS, CERTIFICATES OF OBLIGATION, SERIES 2010.
- Submitted For:
- Laura Boyd
- Submitted By:
- Laura Boyd, Finance
- Department:
- Finance
Information
ACTION REQUEST (Brief Summary)
Consider and take action on approval of the plan of finance for the refunding of the City of Texas City's Certificates of Obligation, Series 2010.
BACKGROUND
Principal amount to be refunded: $3,480,000
Refunding par amount: $3,145,000
Potential Gross Savings by refunding: $474,677
Potential Net Present Value (NPV) Savings by refunding: $441,390
Plan of Finance is attached.
Refunding par amount: $3,145,000
Potential Gross Savings by refunding: $474,677
Potential Net Present Value (NPV) Savings by refunding: $441,390
Plan of Finance is attached.