County to refinance bonds

When an investment banker comes calling it usually means it will cost someone money, but in Levy County's case it means a savings of approximately $300,000.

Ralph Cellon, senior vice president of Gardnyr Michael Capital, Inc., the firm which handles the sales tax revenue bonds used to finance the county jail expansion, told the Levy County Commission on Tuesday that refinancing the remaining portion of the $4.5 million bonds sold in 2003 would be in their best interest.

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