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Colonial SD finance committee previews refunding of 2017 general obligation bonds, estimates roughly $800,000 in savings
Summary
District finance staff and external advisors updated the committee on a planned refunding of the General Obligation Bond Series A (2017), recommended a parameters resolution for the March 20 school board meeting, and outlined a timeline for pricing and settlement that targets mid‑April pricing and mid‑May settlement.
Colonial School District finance staff and external advisors told the finance committee on March 3 that a planned refunding of the district's General Obligation Bond Series A of 2017 could yield roughly $795,000 to $800,000 in present‑value savings.
District staff presented updated estimates and asked the committee to recommend a parameters resolution for the March 20 school board meeting that would authorize the financing team to enter the market under specified limits.
Garrett Moore of PFM and Lou Verdeli of Raymond James described the refinancing as a "copy and…
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