With the intent of refinancing $11 million in water and sewer bonds, the Commerce City Council convened the first meeting of its Public Facilities Authority Monday night.
The authority comprises the mayor, city council and resident Charles Blair. It was authorized by the 2013 General Assembly by local legislation.
Bryan Huskey of Merchant Capital explained the benefits of refinancing the bonds. He noted that although bond rates have “moved against us a little,” the refinancing will: