County seeks to refinance bonds, save $2.7 million
GENEVA – Kane County’s government is hoping persistently low interest rates will save more than $2.7 million in coming years.
On Thursday, the County Board Finance Committee recommended that the full County Board approve an ordinance allowing the county’s bond counsel and advisers to move ahead with plans to refinance a portion of the county’s debt.
Under the proposal presented Thursday, the county, under the guidance of its advisers, Speer Financial of Chicago, would put out to bid two bond series.
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