FDL City Council Approves Refinancing Of Bond Issues
The Fond du Lac City Council this week approved two resolutions that will allow Marian University to refinance Redevelopment Revenue Bonds. Community Development Director Dyann Benson says it is similar to refinancing your home mortgage to get a better interest rate. She says in this particular case both bond issues involved University projects. She says the first was for acquisition of the Cedar Creek Apartments on East Division and doing some Information Technology enhancements. The second was to purchase the Nielsen Building and bring their College of Nursing downtown. The 2010 bond issue was for $2 million and the one issued in 2014 for $4.2 million.