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Download: Music Center and Aquatic Center financing projection
…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 up with an interest rate between 5% and 7% which means they wi…