At the most recent meeting of the Kalona city council, officials decided to employ Northland Securities to review the city’s credit and bond rating. City Administrator Ryan Slaubaugh explains this is similar to the Washington County Board of Supervisors getting a review of credit and bonds for the county in regards to the communication bonds to receive a better rate. The initial estimates indicate that if refinanced based on the presumed rating for the city the savings over the remaining 19 years of the life of the note could be as much as $500,000. Slaubaugh stresses that this is not the city increasing debt for the project or lengthening the term, just shopping for a better interest rate.