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Upper Darby SD finance staff outline $47 million target for 2025 bond to fund Clifton Heights Middle School
Summary
District finance staff told the Finance and Operations Committee they are targeting roughly $47 million for a 2025 bond to fund Clifton Heights Middle School construction, and will seek board approval of a 'max parameters' resolution on March 11 to allow sale planning up to a $52 million ceiling.
District finance staff presented an updated schedule and parameters for a 2025 bond issuance intended primarily to fund construction of Clifton Heights Middle School.
The presentation to the Finance and Operations Committee described a targeted issuance of roughly $47,000,000 and said the district will ask the full Board to approve a 'max parameters' resolution at the March 11 board meeting that would set a higher aggregate ceiling of about $52,000,000 to give the financing team flexibility when marketing the bonds.
The finance presenter said the team is in due diligence through March,…
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