The Town of Afton has two outstanding loans stemming from water system improvements made several years ago.
According to Town Administrator Hyun Kim, Afton is now considering the possibility of refinancing those loans.
The town is meeting with banks this week and should know refinancing details in time for discussion and review at the November 10 council meeting. The balance remaining on the two loans is approximately $1.8 million and $500,000. According to Kim, by shopping municipal bond rates, the town can ensure that it is keeping its water rates as low as possible for its residents.