The El Dorado Irrigation District has completed a bond sale to refinance a portion of its debt and is close to a new agreement with employees to reduce labor costs. Mark Price, district finance director, said the debt restructuring, completed Feb. 23, allows the district to postpone $12 million in debt payments for the three-year period of 2010-2012 until 2022-2024.
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El Dorado Irrigation District nears key financial changes
