Kenbridge Addressing Debt Service

Kenbridge needs some help with its debt service so it will continue to work with Davenport and Company to help it address the situation. The city has current debt service of just under $1.6 million. They’re looking to consolidate some of the debt and have been comparing rates from banks looking for the most favorable deal. Davenport will help sift through the rates and conditions of various proposals and help determine which makes the most fiscal sense.