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The Pella City Council approved the re-issuance of a $1.8 million sewer revenue capital loan note at Tuesday night’s meeting. The reissue will save the city over $105,000 in interest, as the Iowa Finance Authority dropped the interest rate on the loan from 3.92 percent to 3 percent.

In other business, the council approved the final payment of $61,204 to M&M Enterprises for repairs made to the family slide at the aquatic center and approved special event permits for the Pella Gospel Sing and Resurrected Tin Car Show, both of which will take place in July.
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