Hurley approves bond refinancing
October 14, 2021
By TOM LAVENTURE
HURLEY — The Hurley City Council on Tuesday approved a water and sewer bond refinancing that is intended to save the city approximately $2.1 million from current bond rates through 2049.
The city’s current four water and sewer bonds from 2008 and 2009 total $7.5 million with an interest rate of 4.25%. The new 2.42% interest rate was revealed at the meeting.
Mark Deraney, a municipal bond advisor and vice president of AMKO Advisors in Fargo, North Dakota, was present with Harold Lance, an AMKO account executive with the Minneapolis office, w...