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School board approves sale of up to $40 million in school improvement bonds
Summary
The Osborn Elementary District governing board adopted a parameters resolution authorizing the issuance and sale of up to $40 million in school improvement bonds as part of the $100 million bond program voters approved in 2023; staff and the district's financial advisor outlined timing, tax-rate projections and capacity.
The Osborn Elementary District governing board voted to adopt a parameters resolution authorizing the issuance and sale of school improvement bonds not to exceed $40,000,000, the district's financial advisor said.
Stifel public finance staff (district bond advisor) briefed the board on the second sale from the district's $100 million 2023 bond authorization and presented projected tax rates, amortization and a proposed sale timetable. "This is your second sale from your $100,000,000 bond election that you had back in 02/2023," the advisor…
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