The City Of Cookeville closed on bonds this week to pay for the new police headquarters and two new fire trucks.
The $8.875 million in bonds came with an interest rate of 1.3128 percent, according to City Of Cookeville Finance Director Brenda Imel. Imel told Cookeville City Council members Thursday night the city retained its Aa2 rating from Moody’s.
The bonds will be paid back over 15 years.
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