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College Station ISD authorizes bond sale and awards contracts for roofs, scoreboards and field lights
Summary
The College Station Independent School District Board of Trustees on Jan. 24 voted 5-0 to approve an order authorizing issuance of unlimited tax school building and refunding bonds and to award multiple construction and equipment contracts funded from prior bond propositions.
The College Station Independent School District Board of Trustees on Jan. 24 voted 5-0 to approve an order authorizing the issuance of unlimited tax school building and refunding bonds and to award multiple contracts funded from previously approved bond propositions.
Finance presentation: Ms. Wilson presented the finance recommendation, saying the district sold $98 million of bond program earlier and now seeks authorization to sell additional amounts tied to the 2023 and 2024 propositions as needed. She said the board also authorized parameters to pursue refunding of certain outstanding bonds if market conditions produce at least 3% net present-value savings. "We have to have at least a 3% savings. Right now...it's running about 3.22%. With the 3.22%, you're saving anywhere between a million 9 to, to…
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