COLUMBUS, Ind. – The Columbus City Council met Tuesday evening and approved the refinancing of two sewage works revenue bonds first obtained in 2008 at substantially higher interest rates than are currently found in the market. The ordinance the council was being asked to consider gives the council the flexibility to act on either bond or both.
Scott Dompke, accompanied by representatives from Baker Tilly Municipal Advisors and Barnes & Thornburg law firm, told the council that it was imperative to move quickly due to market factors.
Councilmember Tim Shuffett moved to suspend council rules in order to approve the request on the first reading. It passed unanimously.
