The Finance Committee of Trenton Park Board met again this afternoon to continue its discussion of permanent financing for the Trenton Family Aquatic Center.
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The Finance Committee of Trenton Park Board met again this afternoon to continue its discussion of permanent financing for the Trenton Family Aquatic Center.
Today?s meeting included a conference call with representatives of the Missouri Public Utility Alliance. During the conversation, it was noted that the organization can offer a fixed interest rate of around 4.5 percent for a 25-year issue. In addition, the administrative costs involved in the issuance could be substantially lower than through a normal revenue bond issuance. The arrangement through MPUA would be a lease-purchase arrangement with monthly or quarterly payments rather than annual payments. No decisions were made and MPUA will be e-mailing more detailed information on Tuesday, with that information to be considered by the committee during a meeting at noon, Tuesday at city hall. The full park board is expected to meet at 4:30 p.m., Wednesday.