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Warren County R‑III board authorizes sale of up to $20 million in bonds for new elementary school
Summary
Board approved a parameters resolution allowing district leaders to sell up to $20 million in general obligation bonds through Missouri's direct deposit program; officials cited strong ratings but warned market volatility could affect timing and yields.
The Warren County R‑III School District board on Thursday approved a parameters resolution to issue up to $20 million in general obligation bonds to fund construction of a new elementary school.
Board members voted to let the board president, superintendent and the district—s financial advisor finalize sale terms within pre-set limits, including a yield ceiling and call-feature flexibility. The decision came after a presentation on market conditions and projected debt service.
The vote followed a 20-minute financial briefing by Thomas Zardowitz of the district—s financial advisory firm, LJ Hart, who…
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