The Homewood-Flossmoor Park District will save $1.21 million by refinancing short- and long-term debt.
Aaron Gold of Speer Financial, Inc. told park commissioners at the Nov. 16 board meeting that the district’s bonds were sold the week of Nov. 8.
“It was a very successful financing with low rates,” he said. The district also saved $71,548 in debt service fees. “That’s how low interest rates are right now.”
The one-year issue for $1.03 million was refinanced at an interest rate of 1.167%. He said the rate is four points lower than . . .