The Ottawa City Commission is ‘between a rock and a hard place’, due to the ever changing interest rates. The Commission had hoped to save considerable money by refinancing a little over $5 million in General Obligation Bonds, in hopes of a lower interest rate; but, Financial Consultant, David Arteberry, says the minimum $20,000 in savings expected by the Commission, may not even be that much:
The rapidly changing economic environment imposed by the Federal Reserve has made it tricky to refinance in hopes of saving money.
