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Hudsonville board approves bond refunding authority, insurance contribution policy and several routine items
Summary
The Hudsonville Public Schools Board of Education on Dec. 12 approved a series of routine and policy actions including authorization to pursue refunding of 2015 bonds, adoption of the district's 80/20 insurance contribution resolution and multiple personnel and policy items.
The Hudsonville Public Schools Board of Education on Dec. 12 approved an authorizing resolution to pursue refunding its 2015 bonds if market conditions are favorable, adopted the district's annual 80/20 insurance contribution resolution for certified staff, and approved routine consent-agenda and personnel items.
Board members said the bond-refunding resolution gives administration authority to pursue refinancing if yields and market supply align with the district's timetable; Pat, a municipal finance representative from PFM, told the board the district is watching a changing municipal market and is targeting an April'to'June window for pricing. "Long-term interest rates are finally higher…
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