Knox City Attorney David Matsey has informed Mayor Rick Chambers and the City Council members that he has been notified by Umbaugh and Associates that now might be the time to refinance the Community Center bonds. Umbaugh and Associates reported that the rates have gone down again.
Matsey said that he has been in touch with the Bond Council and has received a time table to act. He also said he will be in contact with the building corporation to see if they would approve the terms.
The matter will be placed on the February 14th agenda.