MOUNT VERNON — The Knox County Commissioners spent almost an hour Monday learning a little bit about the ins and outs of public bond financing. Meeting with the commissioners was bond counsel Stephen Grassbaugh from the Benesch, Friedlander, Coplan and Aronoff law firm; and financial advisers David Conley and Brian Cooper from Rockmill Financial Consulting.
The financial advisers explained that they watch the bond markets and interest rates closely and keep track of bonds the county already has issued, in case the times are favorable.
The county can often save money by refinancing bonds that were issued in the past at higher interest rates.
In the current situation, the commissioners are interested in whether the bonds sold in 2010 for the purchase of extra property next to the fairgrounds, and last year for the purchase of the agricultural services building on Columbus Road, could be refinanced and save money.
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