Hbg Parking Authority: Vote on Series U-1 U-2 U-3 Bonds

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Archive Video from 9.12.11 Harrisburg Parking Authority board members voted to approve borrowing a combined total of $10,645,000 for the following: $7,885,000 Pre-Paid rent for lease extension $2,135,000 for Walnut street garage repairs and $625,000 to settle the Harrisburg University lawsuit. The authority will pay a Convertible Coupon interest rate purchase price of 98% - 10.75% Taxable - 8.50% Tax-Exempt (convertible to Tax-Exempt with a post-closing legal opinion)

Photo/Natalie Cake

 
Tags: Harrisburg Parking Authority, Harrisburg University, Series U Bonds