debt restructuringThe Kingman City Council has approved Mayor Richard Anderson’s suggestion that staff research options involving the possible consolidations of two large loans. The loans for sewer plant upgrades total roughly $48-million.

“I’d like to kind of get a sense to see what kind of flexibility the city may have,” Anderson said during the June 16 Council meeting. Council member Jen Miles said she would be concerned if restructuring the loans would increase the debt or associated interest.

 

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