‘Money ... back into your coffers’
Refinancing equals big savings for Princeton
PRINCETON — The Princeton City Council has refinanced four outstanding bond/loan issues which will result in a savings of $870,000 in interest payments over the combined life of the four issues.
The council took the action at Monday’s meeting in City Hall after hearing from John Vezzetti, assistant vice president for Bernardi Securities Inc., who handled the refinancing process for the city.
Vezzetti said he wanted to publicly thank Princeton City Manager Jeff Clawson for his work in preparing the needed information for the refinancing process, which began about a year ago.
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