Ehlers Financial offers two options for tax abatement plan

by Doug Hanson
A long discussion was held last Tuesday, when the Gibbon City Council listened to Dan Tienter of Ehlers Financial Advisors. The topic was how to handle the early pay off of the General Obligation Bond for the infrastructure to the new GFW school facility.
The school district is taking out a tax abatement bond to pay off the bond and save interest. However, the City of Gibbon can not pay off the bond for 10 years. Thus the interest costs keep accruing.
Superintendent Kelly Smith attended the meeting and stated that the District can pay its $1,650,000 by July 1st.

For the complete story, check out the June 11 issue of the Winthrop News.