Previous Bonds Refunded or Expired

Two bond issues were refunded in January 2009, two issues were refunded in September 2010, and two issues were refunded in December 2015. Savings on these future interest costs translates into lower property taxes in the future for all citizens of West Linn.

Use the links over to the right to view any of the previous bonds issues which have been now refunded as follows:

January 2009 Bond Refunding
West Linn Finance completed the refunding of the Series 1998 GOs and Series 1999 GOs totaling $8 million in outstanding bonds originally issued, effectively reducing the overall interest rates to 3.58 percent on the new outstanding bond issue, Series 2009. These bond refundings resulted in a reduction of $470,000 in future debt service payments.

September 2010 Bond Refunding
West Linn Finance completed the refunding of the Series 2000 GOs and Series 2000 FFCOs totaling $5.6 million in outstanding bonds originally issued, effectively reducing the overall interest rates from 5.25 percent to 2.09 percent on the new outstanding bond issues, Series 2010. These bond refundings resulted in a reduction of $1.1 million in future debt service payments.

December 2015 Bond Refunding
West Linn Finance completed the refunding of the Series 2000 Water Revenue bonds and Series 2009-B FFCOs totaling $5.8 million in outstanding bonds originally issued, effectively reducing the overall interest rates from 5.75 percent to 2.23 percent on the new outstanding bond issues, Series 2015. These bond refundings resulted in a reduction of $300,000 million in future debt service payments.