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Bond update: district reports $175.7M in proceeds, starts design and seeks oversight involvement
Summary
Board received a bond program update: $162.0M in bonds sold with $13.6M premium (total proceeds $175.7M), early work on high‑school fields and Pioneer Stadium, a community oversight committee was named, and staff recommended spending $6M of an Oregon Schools matching grant on three elementary schools.
David Hobbs, project lead for the district bond program, told the board that the district completed a successful bond sale and is moving into design and early construction planning for athletic fields, Pioneer Stadium and CTE spaces.
Hobbs said the district sold about $162 million in bonds and received roughly $13.6 million in premium, giving total proceeds of approximately $175.7 million. That amount, plus the district’s anticipated investment earnings and a separately approved $6 million Oregon Schools Capital Improvement Matching Grant (referred to as the AWESOME grant), will expand available funds for project work.
The nut graf: The…
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