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Buckeye Valley board authorizes marketing of up to $15 million in bonds for middle school addition
Summary
The Buckeye Valley Local Board of Education approved a resolution allowing district officials to begin marketing bonds not to exceed $15 million with a repayment period up to 15 years to fund design and construction of a planned middle school addition.
The Buckeye Valley Local Board of Education on Aug. (date not specified) approved a resolution authorizing district officials to begin marketing bonds to finance the planned middle school addition.
The board voted to allow the district to pursue borrowing “not to exceed $15,000,000” with a repayment period of up to 15 years, Treasurer Kelly told the board while explaining the financing steps. Kelly said the resolution authorizes staff to prepare documents, talk with underwriters and bond counsel and decide when to price the bonds to market. Kelly said the district expects to choose an exact sale date after rating…
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