Fairfield City Council gave the the Fairfield Economic Development Corp. a thumbs-up to refinance an existing loan for the city which will save taxpayers thousands of dollars over the next 11 years.
Council met Tuesday, April 19. Jeffrey Price, Place 1, and Bobby Nichols, Place 3, were absent.
In 2018 the city took out a government loan with the assistance of FEDC for $1.5 million to develop…