Local News

H-F Parks saves $1.21 million by refinancing long-term debt

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 . . .

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Fall events

Saturday, Sept. 24

  • Homewood Fall Fest and Chili Cook-off, noon to 9 p.m. Chili tasting is open to the public for a donation from 3 to 5 p.m. Three live music performances, plus horse-drawn wagon rides, a pumpkin patch, crafts and other activities.

Saturday, Oct. 15

  • Dia de los Muertos in downtown Homewood. Details to follow.

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