Cedar Hills Refinances 2006 Utility Bond

November 5, 2014

CEDAR HILLS, UTAH – On October 29, 2014, the City of Cedar Hills refinanced its 2006 Utility Revenue Bond to reduce the interest rate from 4.52% to 2.68%. This will amount to a total net present value savings of approximately $402,000 over the life of the loan, with actual cash savings being approximately $496,000. More information is available in the Press Release.