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Finance Corporation of the School Board of Lake County approves refunding of certificates of participation
Summary
At a March 24 special meeting the Finance Corporation of the School Board of Lake County voted 5-0 to approve moving forward with the refunding of certificates of participation and authorized the superintendent and board chair to sign final documents if savings are realized when the district goes to market.
The Finance Corporation of the School Board of Lake County voted 5-0 March 24 to approve moving forward with the refunding of certificates of participation and authorized district leaders to sign final documents if market conditions produce savings.
Mr. Ward, a staff member presenting the financing item, told the board that most documents were near final but that a couple remained in draft.…
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