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District bond refunding yields multimillion‑dollar savings, consultant reports
Summary
Century Management (presenter Merv Davis) reported the district achieved debt‑service savings and net present value savings by refunding bonds; the presenter cited a double A‑minus rating maintained by S&P and described net present value savings and true interest cost figures as part of the refunding summary.
A consultant from Century Management presented the district’s bond refunding results and said improved market rates produced larger than expected savings.
The consultant (introduced as Merv Davis from Century Management) said the district maintained a double A‑minus rating from Standard & Poor’s and secured a permanent school fund guarantee that helps school districts’ borrowing costs. He said interest rates fell between…
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