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Lyon County School District to notify Debt Management Commission of up to $30 million in bonds
Summary
Trustees approved a resolution directing staff to notify the Lyon County Debt Management Commission of the district’s plan to issue up to $30 million in general obligation bonds in one or more series; board vote was unanimous.
The Lyon County School District board on Aug. 26 approved a resolution directing district staff to notify the Lyon County Debt Management Commission of a proposed issuance of up to $30,000,000 in general-obligation bonds to fund school improvement projects.
The board’s action was the first step in a multi-stage financing plan. Superintendent Tim Logan and Executive Director of Operations Harmon Banes presented the proposal and introduced Marty Johnson of JNA Consulting Group, who described the district’s ability to repay the debt without increasing the tax rate.
Johnson told trustees the…
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