Benny Westcott
The city was recently able to save hundreds of thousands of dollars after securing a favorable interest rate on its water and wastewater debt.
“We took our water and wastewater debt, and went out to a firm out of Portland, DA Davidson & Co. and all of that debt had interest rates that were 3% or above,” said Brandon Neish, city finance director. “And with the bond market where it was, we thought…