Re: Jersey City has big plans for 100 acres on West Side along Hackensack River
Posted by brewster on 2018/10/11 20:01:28
Actually, that is the one thing I asked about, the interest rate and it is the one thing that the administration will not answer. The ordinance just states the interest rate cannot be higher than 8%. It also states the bond can be refinanced which is am totally against. JC had bonds floating around for 50 years in the past which is absolutely ridiculous due to refinancing.
Again you show yourself to be financially illiterate. Anyone who doesn't refinance high rate debt during low rates is a moron and should be fired.
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