Financial adviser outlines refunding options; board approves parameters and several financing resolutions
Nickel Hayden Advisors described escrow-to-maturity and current-refunding opportunities, estimated potential savings of $3'$5 million, and asked the board to increase interest-rate parameters to 6% for maintenance tax notes; trustees approved related orders and resolutions unanimously.
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The board heard a presentation from Rudy Mejia of Nickel Hayden Advisors about three financing items the district is considering to manage existing debt and deferred maintenance.
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