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Buoyed by revenue from the recently imposed occupational tax, the City of La Grange is considering refinancing the bonds it holds as part of its agreement to develop Oldham Reserve.
At a special meeting on Monday, the city council heard from Dwight G. Salsbury of Ross, Sinclaire and Associates about a refinancing plan that could significantly lower debt payments, eliminate an $8 million lump sum payment and help the city end debt payments early.
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