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Financial advisors present presale report for $10.75 million deferred-maintenance bond
Summary
The district's financial advisors recommended proceeding with a May bond sale to fund deferred-maintenance projects; the issue will use state credit enhancement and is scheduled to close May 22, with estimated net proceeds and an assumed interest rate near 3.95%.
Ehlers Public Finance Advisors presented a presale report to the Forest Lake Area Schools board on April 3 outlining plans for a $10.75 million bond issue to finance deferred-maintenance projects listed in the district’s 10-year plan.
Jody Lesbach and Chrissy Renberg Eide explained the timetable: a Moody’s rating call and review of the official statement will occur in…
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