Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Moorhead school board approves resolution to pursue refunding bonds, cites potential taxpayer savings
Summary
The Moorhead Area Public Schools board voted to approve a resolution to pursue refunding up to $57,115,000 in general obligation school building refunding bonds, after a presentation on a possible refinance that could lower interest costs and reduce future debt levies.
The Moorhead Area Public Schools board voted Oct. 13 to approve a resolution stating the district’s intent to issue general obligation school building refunding bonds series 2025B in an aggregate principal amount not to exceed $57,115,000.
The board approved the resolution after a presentation from Matt Hammer, the district’s financial adviser from Ehlers (public finance advisors), who outlined a potential refunding of callable maturities from the district’s 2016A general obligation bond issue. Hammer said refinancing a portion of the issue could lower interest costs and reduce future debt-service levies collected from property owners.
Hammer told the board the eligible callable…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
