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Burlington school board authorizes $5.545 million capital loan notes, approves related bond documents
Summary
The Burlington Community School District board approved a $5,545,000 general obligation school capital loan note issuance (series 2025), and signed off on the tax-exemption and continuing-disclosure certificates that govern reporting and the bonds' tax status.
The Burlington Community School District board on Nov. 10 voted to authorize $5,545,000 in general obligation school capital loan notes, series 2025, and approved the related tax-exemption and continuing-disclosure certificates required for issuing tax-exempt municipal debt. Counsel and district advisors said the financing will support capital projects including the Greyhound Performing Arts Center.
Board members approved the authorizing resolution after administration reported a favorable pricing outcome. Bond counsel…
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