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Board discusses selling second $100 million bond tranche to fund land purchases and contracts
Summary
Trustees discussed issuing the second $100 million tranche of previously approved bonds in June to fund land purchases and capital contracts; speakers said the district had sold a first tranche last year and is earning interest while the funds await expenditure.
Board members reviewed plans to issue the second tranche of bond proceeds in June to provide capital funds for land purchases and contracts.
A presenter told the board that the district sold the first $100 million tranche last year and that the second $100 million tranche is planned for sale in June. "So if you recall, last year in June, we sold the first…
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