$30 million in interfund loans to be considered Oct. 3 by Queen Creek Town Council
Mohammed Youssel, transportation engineer manager for Queen Creek, gives a presentation at a recent Queen Creek Town Council meeting. (Photo by Richard H. Dyer, Independent Newsmedia)
Interfund loans are to be discussed at the Oct. 3 Queen Creek Town Council meeting, including the early repayment of one for $13 million, refinancing another for $11 million and establishing a new one for $6 million.
The meeting begins at 5:30 p.m. in the Community Chambers, 20727 E. Civic Parkway. Public hearings will not be held prior to 7 p.m.
Interfund loans are a less expensive way to finance infrastructure and are appropriate in certain situations, Scott McCarty, finance director, said in a memo to the council.
