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Board authorizes $1.57 million certificates to fund athletic complex phase 2; sale reported at 4.13%
Summary
The Moorhead Area Public Schools board approved a resolution authorizing lease‑purchase financing and $1,570,000 in certificates of participation (Series 2025A) to fund phase 2 of the athletic complex. The district received a competitive bid with a winning true interest cost reported at 4.13% and an anticipated closing of June 18, 2025.
The Moorhead Area Public Schools board on May 27, 2025, approved a resolution authorizing lease‑purchase financing and the issuance of $1,570,000 in certificates of participation (Series 2025A) to finance phase 2 of the district’s athletic complex.
Matt Hammer of Ehlers presented the sale results to the board, saying two bids were received and the winning bid produced a true…
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