{"id":501,"date":"2012-09-11T16:00:58","date_gmt":"2012-09-11T20:00:58","guid":{"rendered":"http:\/\/www.l-a-k-e.org\/blog\/2012\/09\/county-to-renegotiate-bonds-for-the-county-palace-lcc-2012-09-10.html"},"modified":"2012-09-11T16:00:58","modified_gmt":"2012-09-11T20:00:58","slug":"county-to-renegotiate-bonds-for-the-county-palace-lcc-2012-09-10","status":"publish","type":"post","link":"http:\/\/www.l-a-k-e.org\/blog\/2012\/09\/county-to-renegotiate-bonds-for-the-county-palace-lcc-2012-09-10.html","title":{"rendered":"County to renegotiate bonds for the county palace @ LCC 2012-09-10"},"content":{"rendered":"<p>\n<a href=\"http:\/\/www.youtube.com\/watch?v=OCif8wec2uU\">\n<img decoding=\"async\" style=\"float:right;border:none;\"    class=\"at-xid-6a0120a58214e4970b017c31cbe697970b\" src=\"\/blog\/images\/6a0120a58214e4970b017c31cbe697970b-pi.jpg\" \/><\/a>\nIn\n<a href=\"\/blog\/2012\/09\/video-playlist-lcc-2012-09-10.html\">\nyesterday morning&#39;s Work Session,<\/a>\nCounty Finance Director Stephanie Black\nproposed a letter of understanding\nfor Morgan-Keegan to act as underwriter for\napproximately $17 million\nto refund the original bonds done for this building as well\nas the water-sewer bonds only if the terms are favorable and\nthe net value savings are at least 3%.\nCurrent projections show a savings of\n$1.2 million or a little over 7% at this time.\nChairman Ashley Paulk remarked that:\n<\/p>\n<blockquote>\nThe bond market has changed drastically.\n<\/blockquote>\n<p>\nAt least the county palace that former Chairman Rod Casey got\na former commission to approve at his last Commission meeting\nnow won&#39;t cost we the taxpayers quite as much as we thought.\nThey vote on this tonight.\n<\/p>\n<p>\nHere&#39;s\n<a href=\"http:\/\/www.youtube.com\/watch?v=OCif8wec2uU\">\nthe video:<\/a>\n<\/p>\n<p style=\"text-align: center;\">\n<iframe loading=\"lazy\" allowfullscreen=\"allowfullscreen\" frameborder=\"0\" height=\"315\" src=\"http:\/\/www.youtube.com\/embed\/OCif8wec2uU\" width=\"560\"><\/iframe>\n<\/p>\n<p style=\"text-align: center;\">\n<small>\nCounty to renegotiate bonds for the county palace\n<br \/>\nWork Session, Lowndes County Commission (LCC),\n<br \/>\nVideo by Gretchen Quarterman for Lowndes Area Knowledge Exchange (LAKE), Valdosta, Lowndes County, Georgia, 10 September 2012.\n<\/small>\n<\/p>\n<p>\n-jsq\n<\/p>\n","protected":false},"excerpt":{"rendered":"In yesterday morning&#39;s Work Session, County Finance Director Stephanie Black proposed a letter of understanding for Morgan-Keegan to act as underwriter for approximately $17 million to refund the original bonds done for this building as well as the water-sewer bonds only if the terms are favorable and the net value savings are at least 3%. 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