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City of Sedona Bond Sales Higher Than Expected

Sedona AZ (January 30, 2012) – On December 13, 2011, the Sedona City Council approved the refunding or refinancing of a portion of the City’s outstanding Excise Tax Obligations. The City of Sedona’s investment bankers, RBC Capital Markets, informed the City that the sale of the refunding bonds on January 25, 2012 exceeded the estimated net present value savings presented to Council. The resulting... 

City of Sedona Excise Tax Revenue Bond Rating Reviewed

City of Sedona Public Notice Sedona AZ (January 11, 2011) – The City of Sedona received news that Standard & Poor’s reviewed the City’s Bond Rating on Excise Tax Revenue Bonds and has affirmed their prior rating of “A” and given the City a stable outlook. According to Tim Ernster, Sedona City Manager, “This was an unsolicited review of the City’s rating and we were not... 
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