Bond refinancing to save Louisville money.
John Trecek from Ameritas investment company told the Louisville City Council that refunding of the water bonds will result in a net savings to the city in the amount of $390,309, according to the (pending) minutes.
The outstanding bonds issued in 2006 were called and then refunded with a new bond ordinance passed by the city council.
The Cassgram also reports that in Louisville city government, the city clerk’s office reopened Tuesday in City Hall. City business had been conducted from the library since the November 1st fire at Stander Ace Hardware which is next door to city hall.