By Lew K. Cohn
Managing Editor
A move by the Horseshoe Bay City Council to issue and sell general obligation refunding bonds will save the city more than $400,000 in interest for the remaining life of the bonds, the city's financial advisor said at Tuesday's regular meeting.
Council members agreed to refund $5.83 million in combination tax and revenue certificates of obligation issued in 2011 and replace them with $5.405 million in general obligation refunding bonds when the original bonds hit their callable date on Feb. 15. …
