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Tag Archives: bonds

Supervisors OK refinancing of bonds, could save $900K

HERANADO — DeSoto County supervisors have approved refinancing $22 million in 2004 general obligation bonds, a move that could save $900,000. The Commercial Appeal reports the board also approved a health coverage pact for county employees. The new plan keeps rates flat. The current interest rate the county must pay from 2015 to 2024 ranges from 4.25 to 5 percent. ...

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Board approves $112M bond issue for UMMC

JACKSON — The state College Board has approved a $112 million bond issue for the University of Mississippi Medical Center, even though one board member questioned whether it was appropriate to borrow the money. UMMC had originally proposed to use some of the money to buy software to comply with a federal requirement that it start using electronic health records ...

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Councilmen balk at $107M in redevelopment bonds

JACKSON — The Jackson Redevelopment Authority has moved a few steps closer to issuing more than $107 million in bonds for three projects downtown. But if last week’s city council meeting is any indication, some council members are not at all happy to assist developers seeking the funds. The Clarion-Ledger reports the city council gave the authority the preliminary go-ahead ...

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JRA could issue $107M in bonds for development

JACKSON — The Jackson Redevelopment Authority could soon issue $107 million in bonds for three economic development projects — including two that have endured a host of delays. The Clarion-Ledger reports the bonds will go toward financing a hotel to be built across from the Jackson Convention Complex, the Farish Street Entertainment District and a new headquarters/welcome center for the ...

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Coast city borrowing to pay on two bond issues

WAVELAND — The City of Waveland has borrowed $486,000 to pay on two public works bond issues from 2004. Mayor David Garcia tells the Sea Coast Echo the city borrowed money against its anticipated 2012 property taxes. In 2004, Waveland took out two bonds totaling more than $6 million for public works projects such as drainage, street paving and general ...

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Lafayette County to pay off all outstanding bonds

OXFORD — The Lafayette County Board of Supervisors is planning to pay off all outstanding bond debt and lower property taxes. The decision was made this past week to spend $10 million of the $30 million gained from the sale of Baptist Memorial Hospital-North Mississippi to pay off all outstanding bonds for the county. The outstanding total is $10,731,133. With ...

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Barbour calls special session over bond issue

JACKSON — Mississippi Gov. Haley Barbour said he’s calling legislators into special session Friday to consider at least one economic development bond issue. Barbour made the announcement during a news conference today, saying he’ll release more details about the project or projects on Wednesday. He would not say how many jobs would be created, what kinds of companies are involved, ...

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Fitch rates airport bonds 'A-' despite drop in traffic

JACKSON — Fitch Ratings affirms Jackson Municipal Airport Authority’s outstanding $43.5-million airport revenue and refunding bonds at “A-.” The rating outlook remains “stable.” Fitch wrote: “The Jackson MSA is currently experiencing some setbacks from the economic recovery; however, Fitch expects resiliency in traffic levels given the airport’s limited competition from neighboring airports, with the closest medium hub 180 miles away. ...

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Fitch rates higher ed construction bonds

JACKSON — Fitch Ratings has assigned an “AA” rating to the $55.365-million revenue bonds, series 2011 (Residence Hall Constructions and Refunding Project) issued by the Mississippi State University (MSU) Educational Building Corporation (EBC). At the same time Fitch affirmed the “AA” rating for the approximately $155 million in outstanding MSU EBC bonds and approximately $125 million in outstanding University of ...

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City approves TIF bond for Margaritaville streets

BILOXI — City streets leading to the new Jimmy Buffett’s Margaritaville Casino & Restaurant in East Biloxi will be improved with a Tax Increment Financing bond. The Biloxi Council voted to allow up to $1.65 million in TIF bonds for the project. The money will be used by the developer to install turn lanes on Oak Street and Fifth Street ...

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