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<br />e <br /> <br />e <br /> <br />Agenda items 7 & 8 relate to the refunding of current long term <br />debt with new debt that has a lower effective interest rate. The <br />result of the refunding is to lower the city's financial <br />obligations to service its debt. <br /> <br />The numbers pertaining to the refunding will not be know until <br />Monday afternoon. <br /> <br />They will be presented to the city council by the Director of <br />Finance and the city's Financial Advisors. <br />