In a continuing effort to restructure the city’s debt, the Knoxville City Council approved a resolution Monday regarding a State Revolving Fund (SRF) loan and securing the payment of more than $2.5 million in sewer revenue bonds.

City Manager Harold Stewart says the city discarded a lot of high interest debt earlier in the year and they’re working on their low interest debt to save the city money.
Last time Knoxville’s debt was restructured, Stewart says it saved the city about half a million dollars. He says the resolution is the final step of the restructuring process.