The North Ogden City Council saves $284,356 by Refinancing the Aquatic Center Bonds
On Tuesday, February 11, 2014 the North Ogden City Council refinancing the Aquatic Center Pool bonds thereby saving the City $284,356 over 10 years. The refinancing dropped the interest rate from 4.7% to 2.32%. The payoff date for the Aquatic Center bonds remains the same - November 2024.
In other business, the City Council approved amendments to the budget for donations and grants. The North Ogden Civic League donated $4,905 to the City to be used on Christmas decorations, lounge chairs for the Aquatic Center and planting trees. The North Ogden Police Department received a $7,500 State grant for new police vehicle cameras.