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Refinancing LEC Bonds Will Save County Over $822,000

The Grundy County Commissioners anticipate approving a resolution to advance refund the Series 2007 Jail Lease Certificates of Participation at the Tuesday, May 17 meeting, which would achieve a net reduction of future interest expense of $822,277, according to the proposal from its Municipal Bond Underwriter, L.J. Hart & Company of St. Louis.
Presiding Commissioner Rick Hull indicated that the average interest rate on the refunding certificates is 2.15 percent

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