During its meeting today, the Sedalia City Council will vote to approve an ordinance allowing Bothwell Regional Health Center to refinance its 2004 revenue bond.
Currently the bond is scheduled to be paid off in March 2017 but if approved by council, Bothwell will be able refinance the bond at a 3.75 percent interest rate. This will allow the hospital to pay the balance of the bond during its 2016 fiscal year, saving a total of $308,000.
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