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Staff outlines plan to refinance certificates of participation to lower interest and shorten terms
2830021 · March 11, 2025
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Summary
District financial staff explained a proposal to refinance an existing certificate of participation (COP) portfolio to obtain a lower interest rate and reduce principal term; staff compared the transaction to a homeowner refinance and said timing and market conditions matter.
District finance staff briefed the board on a planned refinancing of existing certificates of participation (COPs), saying the action would seek a lower interest rate and could shorten the remaining payment term.
Staff explained that a COP (certificate of participation) is a lease‑style obligation…
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