…interest rate of 2.75% in June then this $560,000 a year would be able to pay off about $9,200,000.  If the city got an interest rate of 3% in June then this $560,000 a year would be able to pay off about $9,000,000.  If they got an interest rate of 3.5% then they would be able to pay off about $8,600,000.  If they did not refinance into long term bonds it is likely they will end u…