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Blue Valley board approves resolution to sell 2025 general-obligation bonds, authorizes possible refunding of 2015 bonds
Summary
The Blue Valley Board of Education approved a sale resolution authorizing staff and advisors to sell up to $101.25 million in remaining 2023-election-authorized bonds and to pursue refunding of callable 2015 bonds if market conditions produce savings. The sale was scheduled for Nov. 10 with a planned close in early December.
The Blue Valley Board of Education voted Oct. 13 to approve a sale resolution that authorizes district staff, its financial adviser and bond counsel to proceed with a public sale of general-obligation bonds tied to the 2023 voter-approved package and to pursue a refunding component for outstanding 2015 bonds if market conditions produce taxpayer savings.
Chief Financial Officer Jeremy McFadden introduced the proposal and the board heard details from Shelby Exposito of Gilmore & Bell, the district’s bond counsel, and David Arterberry of Stifel Nicholas, the district’s financial adviser. The resolution…
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