City’s Refinancing Request Delayed

City

John Archuleta (center), senior vice president and manager of George K. Baum & Company’s New Mexico Public Finance Group in Albuquerque, briefs the Española City Council on a proposal to restructure some of the city’s debt during a regular meeting, Oct. 11, at city hall, as City Manager Mark Trujillo (left) and Finance Analyst Jessica Ortiz (right) listen. Archuleta is providing bond advisory services to the city, which hopes to save more than $1 million a year through the refinance.

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    City of Española officials walked into an Oct. 13 New Mexico Finance Authority Board meeting expecting to make their case to refinance a loan and boost their cash flow. Instead, their attorney said politics pushed them back out the…

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Austin Fisher

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