News Flash

City of Nampa

Posted on: March 5, 2020

Nampa Development Corporation saves $4,859,087 by refinancing bonds

NDC Logo

The Nampa Development Corporation (NDC) board of commissioners closed on a refinance of the 2010 and 2013 bonds on Friday, February 28 with Zions Bank. The refinance created a savings of $4,859,087 in payments and interest on the bonds that funded the construction of the Nampa Public Library and the Hugh Nichols Public Safety Building.

The refinance also allows for more flexibility for NDC to pay off the bonds without penalties. NDC board commissioners were determined to pay down the existing debt as quickly as possible. “NDC has been setting aside funds waiting for a drop in rates and the right timing to accomplish this refinance. This is really beneficial for the Nampa taxpayers,” said David Bills Chairman of the Nampa Development Corporation. Bills went on to say, “We are very grateful for Piper Sandler & Co., Skinner Fawcett LLP and Zions Bank for the expedient work to make the March 1 prepayment date.”  

The NDC was established in 2006 to oversee the development of multiple public and public/private projects within the downtown area and within the Nampa industrial area. More information about NDC can be found online at


Additional Info...
Facebook Twitter Email

Other News in City of Nampa

Joint Press Release City of Nampa and Nampa Fire Protection District

SB1108 Impact to Nampa's Public Safety

Posted on: February 22, 2021
Message from Mayor Kling

Community Message from Mayor Kling

Posted on: January 8, 2021
Headshot of Nampa Mayor Debbie Kling (taken 2020)

A Message from Mayor Kling

Posted on: November 25, 2020
Nampa Fire Dept logo

Fireworks Safety Reminders

Posted on: June 30, 2020

Statement from Mayor Kling

Posted on: March 24, 2020
Flyer for Food truck rally goes to dogs March 14 in Downtown Nampa

Food Truck Rally Goes to the Dogs

Posted on: March 9, 2020