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A view of the distinctive blue roof of the Marin County Civic Center.

Board Votes to Refinance Debt, Upgrade Facilities

Within existing resources, the Marin County Supervisors on Tuesday voted to approve a debt refinancing and restructuring proposal to raise approximately $30 million for much-needed capital improvement projects among County-owned properties.

Staff received approval to increase debt service payments from $4 million to $4.4 million for the next 30 years. The move will generate between $28 million and $32 million in additional bond proceeds, depending on the interest rate at the time of issuance. 

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