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| http://www.greensboro-nc.gov/Modules/ShowDocument.aspx?documentid=15233 |
"2 years and a variable interest rate", after which they intend to borrow over another 25 years at whatever interest rates are available in 2 years.
Anyone seen longer term interest rates lately?
An economic riddle; What does cognitive dissonance feel like when the top knows what most don't?
Longer term financing costs have risen dramatically inside of a few months.
What could the lock in cost be in 2 years?
Why borrow the money when the city has plenty of cash to spend?
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