Stories tagged with: Bonds

July 28, 2014 - 8:14pm
1 year 48 weeks ago

Zanesville City Council voted to refinance some of their bonds from 2003 at their Monday night meeting.

Introduced as an emergency in order to lock in a lower interest rate, members of council waived the readings and passed the ordinance which will result in a net savings of $53,303 in interest payments.  The bonds will be retired in 5 years, making the average annual savings $10,660.

The money saved will go back into improvements to be made to the city's sanitary...

October 21, 2013 - 5:13pm
2 years 36 weeks ago

The Muskingum County Commissioners met with their legal council Monday morning to discuss two ways to save tax payers money.

One way the county can help area resident's wallets, is to do a refunding of existing bonds by issuing new bonds, that acquire lower interest rates and achieve savings.

"So it means their debt service payments, in future years, will be less than it would have been with the old bond issues,” Muskingum County's Bond Attorney, Stephen Grassbaugh...

April 4, 2013 - 8:09pm
3 years 12 weeks ago

The hospital received a "BB+" rating from Standard & Poor's Rating Systems which will allow the hospital to sell bonds to help fund the construction and renovation of Bethesda Hospital.

"What it means is, they provided us a rating with BB+ and what that's going to allow us is to go out and market the bonds to investors," said Chief Financial Officer for Genesis Healthcare Systems, Paul Masterson.

The primary buyers of the bonds will be institutional buyers...

November 28, 2011 - 6:02pm
4 years 30 weeks ago

The Muskingum County Commissioners are trying to refinance about $3,000,000 worth of bonds.

On Monday, the commissioners met with Mark Miller, Stan Harris and Thomas Foster from PNC Bank.  Commissioner Jerry Lavy said he's interested in securing a lower interest rate for the bonds maturing in December of 2012.

"They have two different options that they offered to us - a public option and a bank purchase, and there are significant differences between the two,"...

April 26, 2010 - 8:34pm
6 years 9 weeks ago

The city of Zanesville will not be purchasing bonds to pay for improvements to Secrest Auditorium.

City council defeated the motion by a narrow margin. Andrew Roberts was one of the councilmen who voted against the measure.

"In the financial situation that we're in right now, I didn't see it fitting that we spend additional moneys for some of those things, " says Roberts.

Mayor Howard Zwelling didn't agree with the decision but failed to comment on the issue.

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