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The Verde Independent | Cottonwood, Arizona

home : latest news : latest news May 28, 2016


7/11/2013 1:12:00 PM
Cottonwood retires loans

The City of Cottonwood has announced that it paid off several loans on June 30. The four loans were issued over the last two decades and totaled nearly $5.2 million.

The loans paid-off which funded the Public Safety Building, Railroad Wash Flood Improvements and the construction of the library.

Greater Arizona Development Authority Loans: Public Safety Building 2001 original amount $2,500,000

Railroad Wash Project 2000 original amount $895,000

General Obligation Bonds: Library GO Bond 1993 original amount $900,000

Library FmHA Bond, 1995 original amount $900,000


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