Label
Councilwoman Morris
Agenda Review
5/13/2025
O-210-25 Issuing Bonds
Title
From: Councilwoman Morris Response Requested: 5/20/2025
How much do we intend to save by reissuing 2015 bonds?
Body
Referral Response:
TO: President Carrie Hartman and Members of Toledo City Council
THROUGH: Wade Kapszukiewicz, Mayor
Abby Arnold, Deputy Mayor
FROM: Douglas Stephens, Director, Public Utilities
Based on market conditions as of May 19, the estimated NPV savings are approximately $434,000, or about $72,000 annually.
Thank you.