Library District to Hold Bond Refinancing Meeting
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The Palos Verdes Library District will hold a seminar Saturday to provide residents with information on the district’s plan to refinance a $16-million bond that was issued in 1991 to pay for the construction of the Peninsula Center Library in Rolling Hills Estates.
A drop in interest rates has prompted library officials’ effort to refinance the bond at an estimated savings of $2 million to district taxpayers. The district has already repaid $2 million of the 25-year bonds that were issued and plans to refinance the remaining $14 million.
The seminar is scheduled for 10 a.m. at Peninsula Center Library at 701 Silver Spur Road in Rolling Hills Estates.
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