Carson City gets ‘good’ bond rate for capital improvement projects

The $13.6 million bond issue for Carson City capital improvements, including downtown, is going to market at less than 3.7 percent over the life of the bonds. City Manager Nick Marano and Finance Director Nick Providenti said the bond issue, which closes Dec. 17, will be at a true interest cost over the life of the 30-year issue of 3.68908 percent. They said debt service will require about $775,000 annually. “Actual proceeds that can be use