Bonds sold Tuesday morning for three construction projects: Oak Ridge Preschool, Oak Ridge Senior Center, and Scarboro Park renovations.
The bonds sold at 10:15 a.m. Tuesday, Oak Ridge City Manager Mark Watson said.
There were six competitors. Fidelity Capital Markets had the low bid, with an interest rate of 3.613651 percent.
It’s considered a good interest rate. Anything below 4 percent is good, Watson said.
There wasn’t a large spread between the six bidders. The highest bidder had an interest rate of 3.720288. [Read more…]