Town News Center

Posted on: January 8, 2018

Town Refinances Recreation Center Loan, Saves $2.97 Million

CRCWebpage_Main3

The Town of Windsor Finance Department worked to refinance the 2015 Community Recreation Center Sales and Use Tax Revenue Bond, reducing the length of the note and saving $2.97 million.


The original 2015 voter-approved $16.1-million sales and use tax bond – or loan – was used to fund the construction of the Community Recreation Center expansion. Voters approved a ballot measure, which initiated a 0.75 percent sales and use tax through the duration of the of the note, December 2034.


The loan was refinanced by George K. Baum & Company at a 2.61 percent interest rate on Friday, Dec. 15. The new terms reduce the final maturity of the debt to 2031, with an option to retire the debt without penalty beginning in December 2020. As a result of the new interest rate and maturity date, the town will save $2.97 million.


“Thank you to the staff at George K. Baum and everyone that worked on this project. This financing package is a great benefit to the Town of Windsor,” said Dean Moyer, Town of Windsor director of finance.

Facebook Twitter Google Plus Email

Other News in Town News Center

Police Cruiser

Windsor Police Make Heroin Arrest

Posted on: November 17, 2017
Street Sweeper

Windsor to Conduct Fall Street Sweeping

Posted on: October 19, 2017
DSC_0139-Edit_web

Windsor Police Make Drug Arrest

Posted on: April 14, 2017
IMG_1786

2016 Annual Report Now Online

Posted on: March 14, 2017
American Flag - Morgue File

Windsor Town Offices Closed February 20

Posted on: February 15, 2017
Water - Morgue File

Windsor Releases 2016 Water Report

Posted on: January 10, 2017
DSC_0039.jpg

Windsor Water Rates Increased

Posted on: January 9, 2017
Sticks - Morgue File

Brush Recycling Site to Increase Fees

Posted on: January 4, 2017
Frozen Trees

Winter Weather Safety Reminders

Posted on: January 3, 2017
christmas-tree-708003_1920.jpg

Windsor to Recycle Christmas Trees

Posted on: December 21, 2016
Town Hall Jan 2016.jpg

Holiday Hours for Windsor Town Offices

Posted on: December 21, 2016
Snow Plows

Winter Property Maintenance Reminders

Posted on: December 19, 2016
PD Patrol Car

Windsor Police Death Investigation Update

Posted on: December 19, 2016
3 snow plows.jpg

Windsor Snow and Ice Plan 2016-2017

Posted on: December 6, 2016