LEC bonds refinanced at savings of $800,000+
By Melinda L. Lucas
Shackelford County taxpayers will save more than $800,000 over the next 11 years after county commissioners finalized new bonds for the Law Enforcement Center during Tuesday’s regular meeting.
Vince Viaille, managing director for Specialized Public Finance, reviewed the bidding process, stating that BNY Mellon Capital Markets submitted the winning bid at a true interest cost of 0.89 percent, resulting in a savings of $842,569 as a result of the refinancing.