Cary, NC – This week was a little busier than last week.
Monday – General Obligation Bonds
Monday I joined the town manager, the chief financial officer, the deputy town clerk, the bond attorney, and a representative of the bank to sign legal documents for the sale of the last portion of the 2012 General Obligation bonds. The amount was $16,050,000 and will be used to implement promises made in 2012. Since we have the highest bond rating possible our bonds are at the lowest interest rate possible. The interest rates will be almost nothing since it is just barely above inflation.Read more