The Roanoke City Council last week unanimously approved
Investment banker Bob Young of Frazer Lanier Company said he had good news--that they had gone into the market and refinanced parts of two bonds, getting a 2.8-percent
Young said he is pleased the city maintains a Standard and Poor's A rating. He said he appreciated city clerk Penny Holloway, CPA David Denton and councilmen Bell and Smokey Cole sitting in on the telephone call to New York in the absence of Mayor Fisher, who is overcoming an illness.
Keeping the A rating says plenty about the way the city is handling the public's money, Young said. He said Opp was in the same market at the same time and Roanoke's rate was lower.
The council voted for unanimous consent so the ordinance could be considered, then voted to accept Ordinance #2015-4-01. This was a combined $5,865,000 bond issue. He said they hit a really good market, pretty