Mancos Public Library refinances building bonds

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Mancos Public Library refinances building bonds

Lower interest rates will reduce district’s annual tab
The Mancos Public Library has refinanced the construction loans taken out for the new building. The library originally took out the loans in 2007 and 2009, at interest rates of 5.4 and 6.25 percent. The new lease purchase loan is for $1.24 million, at a fixed interest rate of 3.08 percent.

Mancos Public Library refinances building bonds

The Mancos Public Library has refinanced the construction loans taken out for the new building. The library originally took out the loans in 2007 and 2009, at interest rates of 5.4 and 6.25 percent. The new lease purchase loan is for $1.24 million, at a fixed interest rate of 3.08 percent.
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