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Caledonia delays Series 2 bond pricing amid market volatility; board advances remaining 2020 bond projects
Summary
District finance staff said the sale of the second series of the 2023 voter-approved bond will be delayed because of market volatility; board members also reviewed bid packages and project timing for monument signs, Kettle Lake paving and construction management for final 2020 bond projects.
District finance staff told the Caledonia Community Schools Board of Education that the district will delay pricing the second series of its 2023 voter-approved bond because of recent market volatility.
The finance staff member identified as Miss Grace said bond pricing had been scheduled but that, after market movement the afternoon prior, the district will wait for more favorable conditions. She said the district’s Standard & Poor’s bond rating “should be good for 2 months,” giving the district flexibility to delay pricing. Grace said the district’s…
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