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Committee approves parameters to seek State Bond Commission approval to refinance 2016 bonds
Summary
The committee approved applying to the State Bond Commission for parameters to refund outstanding 2016 bonds, with presenters estimating potential net savings after fees and asking for flexibility up to $13,455,000 to execute the transaction if market conditions allow.
The finance committee voted to forward a resolution to apply to the State Bond Commission for authority to refund outstanding series 2016 bonds.
Wes Shatto, a public finance attorney working the transaction, and Marcus Lambert of DA Davidson described the request as preliminary approval to allow the district to pursue refinancing while the bonds are callable. Lambert said market conditions appear…
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