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Burlington school board approves parameters to sell about $6.94 million in GO capital loan notes
Summary
The Burlington Community School District board on Oct. 27 approved a resolution establishing parameters for the sale of approximately $6,940,000 in general obligation school capital loan notes, Series 2025.
The Burlington Community School District board on Oct. 27 approved a resolution establishing parameters for the sale of approximately $6,940,000 in general obligation school capital loan notes, Series 2025, and delegated authority to accept the award sale.
Board members discussed whether to pursue a public sale or a private placement and reviewed preliminary interest-rate estimates. The board heard that comparable private placement rates had ranged roughly between 3.4% and 4.4%, and…
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