Would you keep remitting payments to the bank once your mortgage is paid off? Of course not. This seems to be a dilemma, however, for the city of Minnetrista that has been making payments to the city of Mound for the bond taken out in 2004 to pay for their municipal building/fire station. Minnetrista contracts with Mound for fire services and, along with the other cities Mound fire supports, has been paying $68K annually to help them pay off the bond. The bond will be retired in 2022. Here’s the brief discussion from our meeting December 2:
Minnetrista Governance Blog 
One thought on ““Windfall” dilemma?”