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Board previews $70 million "not to exceed" bond refunding resolution; Raymond James will present next week
Dover Area SD Board of Directors · November 11, 2025
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Summary
Directors reviewed a resolution to authorize refunding bonds with a 'not to exceed $70,000,000' cap to allow flexibility on timing and amount. Mrs. Weaver said Raymond James will present next week and outlined potential savings and arbitrage scenarios across a 13‑year term.
The board reviewed Agenda Item 6.01, a resolution to authorize the district to refund outstanding bonds with a "not to exceed $70,000,000" cap.
Mrs. Weaver explained the higher cap provides flexibility on timing and amount when Raymond James executes…
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