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Anchor Bay board ratifies $54.36M bond series and hears bond construction progress
Summary
The board ratified the district’s second bond series sale and received an update on construction at multiple schools, the bond financing results and a revised timetable for work tied to school schedules.
The Anchor Bay School District Board of Education ratified a resolution on May 28 confirming acceptance of the district’s second series of bonds totaling $54,364,000 and received a superintendent presentation on construction, project schedules and bond spending.
Superintendent Phil Jankowski reported that the district sold the second bond series to Jefferies LLC with a total interest cost of 4.84%, below the conservative 5% estimate the district had used in planning. He told the board that the…
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