Two borrowings totaling 2.34 million euros.
The loans of two million euros for the budget year 2020/201 and of a further 338,000 euros for Feldberg Touristik for the budget years 2019/2020 and 2020/2021, which have already been approved by the local authority of the community, have also been approved by the Feldberg community council, so that Chamberlain Martin Hirt can make use of it. One strives for fixed interest rates of 20 years, explained Hirt. Given the current favorable interest rate conditions, this is important. Ideally, however, fixed interest rates of 30 years are desirable in order to achieve a temporal alignment with the duration of the depreciation. In both cases, the loans are used to finance investments. In the first case for investments in which the municipality has to make advance payments because subsidies only come in later.
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