HomeMy WebLinkAbout1974 04-11 Maplewood Fails to Draw Bond Bid DISPATCH Maplewood Fails
To Draw Bond Bid
It , 1471-f
Maplewood failed to b e approximately
draw a bid last week for $100.000.
refunding bonds totall- He suggested that a
ing$3.975.000. sale can be "negotiat-
But on advice of fiscal ed."
consultant Robert Sand- The cur r en t issues.
•ers of Juran & Moody, which date back to 1969
the city council author- and 1971. carry an aver-
ized continued efforts at age interest of 5.9 per
refunding. cent.
Sanders said that if
the city can attract an
interest rate of about 5.6
•per cent. the savings
, through refunding will