Posted: Aug 7, 2012 8:02 AM by AP
ALEXANDRIA, La. (AP) - Alexandria will consider selling $10 million in limited tax bonds to refinance some city debt.
An ordinance to that effect will be introduced at the City Council meeting Tuesday.
Alexandria Mayor Jacques M. Roy says refinancing debt by using a tax bond instead of a certificate of indebtedness will save about $140,000 per year over 10 years.
Information from: Alexandria Daily Town Talk, http://www.thetowntalk.com