Saturday, March 28, 2015
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Dresden board approves refinancing street light project

Dresden board approves refinancing street light project

 Dresden City Board members approved refinancing a street light project and approved a couple of appointments to positions in the city during a called meeting of the board on Monday night.

The board approved a resolution authorizing the issuing of capital outlay notes not to exceed $301,500 to refinance a current loan that was used to install streetlights along Highway 22. The capital outlay notes will refinance a 38-year loan taken out 14 years ago. The original loan was for approximately $500,000 financed with an interest rate of 4.75%.

 (See complete story in March 25th edition of the Dresden Enterprise)


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