It is with pleasure that I announce to the residents of the R1 School District that on Feb. 13, 2013 the Telluride Fire Protection District closed on a financial transaction, in association with George K. Baum & Co., that will ultimately save our taxpayers $405,571 in interest expense on the taxpayer approved 2004 General Obligation Bond.
We executed the closing while markets were favorable to borrowers and succeeded in lowering the interest rate from 4.85 percent to 1.70 percent, which results in a 13.17 percent saving for the remaining life of the Bond.
The TFPD is very proud to continue its commitment to fiscal responsibility with your tax dollars. Your support is always appreciated.
– John Bennett, District Director, Telluride Fire Protection District