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Kane sewer board finalizes deal to re-finance loan

April 25, 2013

Photo by Ted Lutz – Dave Peterson, chairman of the Kane Borough Sewer Authority, signs a bond resolution after it was approved Wednesday at a special meeting. The resolution authorizes the authority to re-finance a 1994 loan to save at least $1.2 million in interest fees through 2034. The authority approved the re-financing plan in October, but final action was delayed by a "citizen appeal."

The Kane Borough Sewer Authority finally has been able to follow through with its plan to save interest fees by re-financing a 1994 loan.

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