Fire department to refinance debt
The Shoreline Fire Department, which serves approximately 53,000 residents, announced that the district commissioners recently approved a resolution authorizing approximately $9.4 million of tax-exempt general obligation refunding bonds. It is expected that debt service payments would be reduced by as much as $753,567 over the next 11 years. The department plans to pass the savings on to taxpayers through lower annual tax collections.
The bond market’s current low interest rates provided the department with an opportunity to replace certain outstanding bonds with an average rate of 5.20 percent with new bonds at an average rate of 3.56 percent. The Bonds were sold to Bank of America N.A.
“We are very pleased to be able to provide our community with tax savings from this refinancing” Fire Commissioner Jon Kennison said. “The Department is committed to reducing costs to our taxpayers wherever possible.”
‘Food Frenzy’ in Lake Forest Park
The summer is when food banks have the greatest need. Residents can help hungry people by donating to FOOD FRENZY, through July 27. A collection bin will be located at Lake Forest Park City Hall, 17425 Ballinger Way NE, Lake Forest Park.
The16th annual food drive is organized by the Lake Forest Park Municipal Court and is a chance to help hungry children in the community and raise funds to benefit Food Lifeline and the 250 food banks that provide meal programs in Western Washington. Every $5 raised feeds 30 hungry children.
Food Lifeline is sponsoring FOOD FRENZY. Food Lifeline is a nonprofit agency dedicated to ending hunger in Western Washington.
Doyle to read at Third Place Books
Author Margaret Doyle will be reading from her book, “The Fisherman’s Quilt” at 6:30 p.m. Friday, July 29 at Third Place Books in Lake Forest Park.
The Fisherman’s Quilt is now in its third printing, having sold more than 2,400 copies in its first year. Doyle lived in Edmonds from 1983 to 1998, and worked as a “Communities” reporter for the Everett Herald, under the name Margaret Steele.
City briefs can be sent to shoreline@heraldnet.com or mailed to 4303 198th St. SW. Lynnwood, WA 98036.
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