Bluffs council OKs better loan rate

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Posted: Thursday, April 11, 2013 12:00 am

COUNCIL BLUFFS — The city will save more than $245,000 over the next six years after action by the City Council Monday.

The council approved a bid by Piper Jaffray of the Kansas City area that will lend the city $2.7 million at an interest rate of 0.7764 percent, which will pay off a current debt of $2.7million that has a 4 percent interest rate.

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