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Provo board authorizes preliminary bond statement to fund Tempview rebuild; first principal payment delayed to FY28
Summary
The board unanimously adopted a resolution Sept. 9 authorizing a preliminary official statement and bond purchase agreement for lease revenue bonds issued by the Municipal Building Authority to fund the Tempview project; officials said numbers are preliminary and the first principal payment will be in fiscal year 2028.
The Provo City School District Board of Education on Tuesday approved a resolution authorizing a preliminary official statement and bond purchase agreement tied to lease revenue bonds issued through the district’s Municipal Building Authority. The action clears the way for a future bond sale to support the Tempview project and related planning work. Business Administrator Devin Daley told the board the approved document is preliminary and that the district intentionally timed the sale to defer the first…
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