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District outlines intent to issue $70 million in lease‑revenue bonds for Tempview completion, Dixon planning
Summary
District staff outlined a plan to issue up to $70 million in lease‑revenue bonds to finish Tempview High School and begin planning on the Dixon site. Staff described the required public‑hearing timeline, tax‑impact estimates per $100,000 of residential valuation, and options to refund callable bonds in coming years.
Provo School District staff told the board Jan. 28 they intend to issue up to $70 million in lease‑revenue bonds to complete Tempview High School and to fund planning and early design work for the Dixon site.
Staff described the procedural timeline: the board would adopt an intent‑to‑issue resolution, hold a public hearing at least 14 days later to approve issuance, and then observe a 30‑day contest period before finalizing the bonds. The district presenter said the planned $70 million would cover…
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