Jeff Himler | Tribune-Review
Latrobe officials are considering reconstruction of a patched ramp and stairs off Spring Street, to improve access to businesses in the Courtyard Plaza, seen July 27, 2020.
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Latrobe Council is expected this month to consider refinancing 2016 bonds while adding $550,000 to the issue to pay for capital projects.
Bond consultants will present a proposal for council approval at a special meeting before the March 22 agenda session, according to Michael Gray, city manager.
At this week’s council meeting, several members and Mayor Rosie Wolford expressed support for Gray’s recommendation to refinance $2.7 million in outstanding bonds to take advantage of low interest rates while issuing the additional bonds and extending the term of the financing package by 3½ years, from 2034 to 2038.