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Minnetonka sells 2025D long‑term facility maintenance bonds; district to fund roofing, mechanical and window projects
Summary
The Minnetonka board approved the sale of 2025D general obligation long‑term facility maintenance bonds. District staff reported a favorable market subscription and an actual sale yield of about 4.46%, funding a slate of 2026 building projects including roofs, boilers, paving and window replacements.
The Minnetonka Public School District sold its 2025D general‑obligation long‑term facility maintenance bonds and the board approved the sale resolution prepared by bond counsel.
Executive Director of Finance and Operations Paul Bourgeois summarized the sale and the planned uses of the proceeds. Bourgeois said the district had expected a sale yield of 4.64% but "actually ended up selling at a total…
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