DAYTON—Senior Vice President of D/A/Davidson and Bond Underwriter Jim Nelson was on hand at the Aug. 8 city council meeting for a bond financing discussion.

The city is looking into refinancing two forty-year USDA loans with revenue refunding bonds in order to take advantage of historically low interest rates. Nelson outlined scenarios for the Phase I loan, 4.25% and Phase 2 Loan, 4.50%, which could each be refinanced at approximately 2.70%, and which could yield a potential net savings of 84,533 and $455,403.00, respectively, with earlier payoffs.

Nelson also discussed the positive impli...