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District previews plan to finance $300 million capital program; reimbursement resolution slated for Oct. 28
Summary
Raymond James and financial advisers presented a financing plan for a roughly $300 million capital program, including a recommendation that the board adopt a reimbursement resolution on Oct. 28 to preserve the option to reimburse district expenditures with future tax‑exempt bond proceeds.
Financial advisers from Raymond James and PFM presented a proposed multi-year financing approach for a roughly $300 million capital plan centered on a new high school, and asked the board to consider a reimbursement resolution at its Oct. 28 meeting.
Jack and Ali from Raymond James described market trends, refinancing opportunities in the district’s existing 2018 and 2019 bond issues and a structure that would “wrap” new debt around existing debt service to limit short-term budget impact. “We can come in and… wrap around the existing debt service,” Ali said,…
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