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Markham officials reported that the City’s credit rating improved from Double D Plus to Triple B, making it investment-grade eligible, and discussed refunding up to $15 million in existing bonds to seek lower interest costs without creating new debt.
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The proposed bond refunding would replace some existing debt with potentially lower-cost financing, with savings expected to benefit Markham property owners. The Council also approved $891,205.63 in claims and accounts, two final infrastructure pay requests totaling $77,333.04, and the donation of two surplus squad cars. Officials reported ongoing work on roads, water mains, parks, and other infrastructure, but the excerpt does not provide full project details or schedules.
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