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Octorara Area SD discusses $15 million bond proposal to fund infrastructure projects
Summary
District officials presented a proposal to issue $15 million in bonds to finance multiple infrastructure projects; details on repayment term and final interest rate were not specified and will be set when the board passes a resolution and the bonds go to market.
District officials told the Octorara Area School District board that they are considering issuing $15,000,000 in bonds to fund a range of upcoming infrastructure projects.
Board members were given background on the proposal and shown draft contract schedules, but the board did not vote on the borrowing at the meeting. District staff said the board would likely approve a resolution to go to market before final terms are known.
The district presenter said the $15…
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