Tag Archives: Refinancing

Cookeville City Council approved refunding the final outstanding bond issue from 2012 used for the construction of the Electric Department’s southwest substation. Finance Director Brenda Imel told city council members Thursday night that the original bond was some $4 million. “So the benefits of doing this is the interest on the remaining payments for the 2012 bonds range from 2 ... Read More »

Cookeville will refinance the $6.74 million remaining on the bond that built Tennessee Avenue. City Council voted unanimously Thursday night to refinance the 2015 bond issue. Cookeville Finance Director Brenda Imel said the city will save some $312,000 on the bonds. “Cumberland Securities is the municipal advisor, their estimated fee is about $20,655, and then bond counsel their engagement letter ... Read More »