Bloomington City Council met remotely Feb. 22, 2021.
The Bloomington City Council on Monday agreed to refinance some of its general obligation bonds, a move that’s expected to save about $560,000 in interest payments.
“We’ve done this before,” said City Manager Tim Gleason. “This is a relatively small bond refinance. But you’re going to be shocked at the amount of money we’re going to save.
Also at the virtual meeting, the council agreed to delay a decision on a Welcoming Cities ordinance draft to add clarification to the process, and heard reports on the John M. Scott Health Trust and on the upcoming budget.