The Palmyra City Council Thursday approved Board of Public Works debt refinancing of the more than $3.2 million borrowed for now completed electric, water and sewer upgrades.
The council voted 4-0 in favor of a five-year option at 3.565 percent interest through the Municipal Public Utility Association and Landmark Bank.
It is expected the refinancing option accepted would save more than $95,000 over other options available.
The council also discussed widening the corner of North Spring and Short streets, ongoing efforts to prepare building code ordinances for passage and efforts to extend an outer road on the east side of U.S. 61.
See more in this week's Palmyra Spectator.