This is great news for the Weirs and boaters.
I have to say, however, that if they've been planning for years, annual contributions to a capital reserve fund would have enabled the city to pay cash. CRF have been earning ~3-4% for the last several years, which to me, is better than paying bond interest. The LDS mentioned a 20 year bond, probably about the life expectancy of new docks. Sigh. Water over the dam, now.
|