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Finance committee reviews parameters resolution to call $42.5 million bond sale and a partial refunding
Summary
Committee members discussed a resolution to call the sale of roughly $42.5 million in 2025A bonds and a companion parameters resolution to refund part of 2020 bonds, including guardrails for underwriters; no final vote or signature was recorded in the transcript.
The Lee's Summit R-VII finance committee discussed a parameters resolution to call the sale of approximately $42,500,000 in 2025A general obligation bonds and a separate parameters resolution to refund a portion of the 2020 bonds.
Doctor Shelton presented the resolution for the 2025A sale, describing five parameter areas underwriters will use — true interest cost, weighted-average maturity, underwriter fee, final stated maturity and the call date (the committee was told a 10-year call…
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