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Ogden residents oppose bonding for water improvements

Last updated Friday, April 6, 2012 - 9:51am

OGDEN — Water was on fire Thursday night as city officials held a heated town hall meeting to discuss the recent water and utility rate study.

The city is considering bonding to pay for about $45 million in needed infrastructure improvements that range from replacing old pipeline to a total replacement of the city’s water treatment plant in Ogden Canyon.

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City seeks savings from redoing bond

Antone Clark Standard-Examiner

Last updated Friday, March 16, 2012 - 10:33pm

FARMINGTON -- At the behest of Zions Bank, city officials are taking a look at refinancing a 2009 bond to save as much as an additional $160,000 in interest.

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Refinancing city bond may save money in long run

Correspondent Standard-Examiner

Last updated Thursday, December 29, 2011 - 2:53pm

SOUTH WEBER — City Manager Rodger Worthen maintains that by refinancing the current sales tax revenue bond they borrowed in 2004 from 4.7 percent interest to 3.05 percent, the city will save approximately $40,000.

The city has 17 years left to pay on the loan, but Worthen believes the city can decrease that time to 15 years.

Even though it will cost around $30,000 to refinance, the city will still save substantially.

Mayor Jeff Monroe wants to get an approval on Worthen’s refinance plan in January.

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