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Owatonna board hears presale report for tax-neutral bonds to fund indoor-air-quality projects and pool renovation
Summary
District financial advisor presented a presale report on bonds the board authorized last year; sale is planned for March 24 and levies for first-year payments have been certified.
The Owatonna Public School District on Feb. 24 received a presale report on a tax-neutral bond sale the board previously authorized to pay for indoor-air-quality (IAQ) improvements and a high school pool renovation.
The district’s financial advisor, Matt Hammer of Ehlers Public Finance, told the board the district plans to pursue bond rating work with Moody’s and take bids the morning of March 24, with award expected that evening. “We were estimating a 5% interest rate last…
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