FARMINGTON — Just as many homeowners are looking at refinancing, Davis County is doing the same – when it comes to bond payments.

County officials are looking at refinancing a 2005 general obligation bond mostly used to pay down jail expansion.

County Clerk-Auditor Steve Rawlings said the $15.7 million refinancing could save up to $800,000.

He and County Commission Chair Bret Millburn recently made a whirlwind trip to San Francisco where they met with bonding staff at Moody’s.

“Moody’s affirmed the (AAA county bond rating) with the strength of the original rating,” Rawlings said. “They quoted the strong financial position of the county and the low debt burden to taxpayers as reasons for our strength.”

To read more, check out the April 12 edition of the Davis Clipper.