Library District to Hold Bond Refinancing Meeting
The Palos Verdes Library District will hold a seminar Saturday to provide residents with information on the district’s plan to refinance a $16-million bond that was issued in 1991 to pay for the construction of the Peninsula Center Library in Rolling Hills Estates.
A drop in interest rates has prompted library officials’ effort to refinance the bond at an estimated savings of $2 million to district taxpayers. The district has already repaid $2 million of the 25-year bonds that were issued and plans to refinance the remaining $14 million.
The seminar is scheduled for 10 a.m. at Peninsula Center Library at 701 Silver Spur Road in Rolling Hills Estates.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
