Mt. Vernon Leaders Looking at Economic Opportunities With Possible Bond Refinancing and Issuance

Mt. Vernon Leaders Looking at Economic Opportunities With Possible Bond Refinancing and Issuance

MT. VERNON — The city of Mt. Vernon is looking towards future economic development with the possible issuance of new bonds for capital improvement projects.

One of the projects that could be funded through the bonds is the 44th Street / Frontage Road expansion, which Mt. Vernon City Manager Mary Ellen Bechtel says is greatly important for the economic future of Mt. Vernon.

The bonds being looked at tonight at Mt. Vernon’s City Council meeting include refinancing bonds to save taxpayers close to $3.3 million dollars. With the savings from the refinancing, Mt. Vernon Finance Director Steven Tate says the $13 million in new bonds would only cost city taxpayers about $950-thousand over the life of the bonds.

On Monday’s meeting agenda is the first reading of the ordinance for issuing the new bonds.

Concert Calendar

POSTPONED – Nick Mason’s Saucerful Of Secrets at Stifel Theatre

POSTPONED – Nick Mason’s Saucerful Of Secrets at Stifel Theatre

ON SALE • NOWPRICE • $59, $69, $89, $109 Click HERE to purchase tickets Jan 2 – It is with great regret that due to the uncertainty surrounding the Covid pandemic, it has been decided to postpone the North American tour until later in the year. Apologies for any inconvenience or disappointment due to this. We are…

Local Weather