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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