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Ennis Daily News

Ennis sells $6 million road bonds

Nick Todaro, nick@ennisdailynews.com

Bond sales for the city’s 2014 street improvement program were approved Monday at a lower interest rate than planned, producing potential savings over the course of the 20-year obligation.

The original estimates for the project called for a 4-percent interest rate, and representatives from bond sale agent Southwest Securities reported they’d secured a 2.99-percent rate Monday, potentially saving upwards of $700,000.

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Posted by on Mar 4 2014. Filed under City news, News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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