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Deer Creek board accepts $25.865 million taxable GO bond bid from RW Baird at 4.162%
Summary
The Deer Creek School Board voted 5-0 to accept a low bid from RW Baird for $25,865,000 in taxable general obligation combined-purpose bonds, approving related authorizing steps to register the issue with state and federal entities and noting higher-than-forecast property valuations that keep the millage rate in line with projections.
The Deer Creek School Board voted 5-0 to accept a low bid from RW Baird for $25,865,000 in taxable general obligation combined-purpose bonds, awarding the sale to RW Baird at an average interest rate of 4.162% and reporting a premium / interest cost of $2,153,002.60.
The board’s financial presenter, identified in the record as a staff member, read bids and market comparisons and recommended acceptance of the RW Baird offer. The staff member said, “First bid that I have is RW Baird, out of Milwaukee... they have a premium of 19¢... $2,153,002.60 for an average rate of 4.162.” The presenter also…
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