Summary
Refinancing 2014-15 redevelopment bonds would save about $1.9 million over 12 years, though Lafayette's share is only about $10,500 a year. The deal is frozen if savings dip below 5%.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 14, 2026.
Impact analysis
About $1.9 million in total savings over 12 years; Lafayette's direct share is roughly $10,500 a year.
All taxing entities receiving redevelopment property tax funds, including the city.
Mentions & discussions (2)
City Council Meeting and Successor Agency - Sep 14, 2026
The Successor Agency moved to refinance the 2014/2015 bonds that built the library — potential savings around $1.7 million shared among taxing agencies. Market turmoil pushed current savings to 4.3%, under the required 5%, so the sale waits for better rates.
City Council Meeting - Aug 10, 2026
Refinancing 2014-15 redevelopment bonds would save about $1.9 million over 12 years, though Lafayette's share is only about $10,500 a year. The deal is frozen if savings dip below 5%.
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