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Edina board authorizes staff to seek sale of refunding bonds amid market uncertainty
Summary
The board authorized staff to pursue general obligation refunding bonds to refinance 2017A debt if minimum savings thresholds are met; finance staff warned market volatility reduced anticipated savings and will delay execution until conditions improve.
The Edina Public School District board authorized district staff to seek the market sale of general obligation refunding bonds (to refund Series 2017A) at the Nov. 10 meeting, with conditions set so the sale proceeds only if projected debt‑service savings meet a minimum threshold.
Finance Director Mert Woodard told the board that market factors — including a recent…
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