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Alice ISD board adopts parameters order to enable refunding of 2016 unlimited-tax bonds
Summary
The Alice ISD board on Nov. 17 approved a parameters order allowing the superintendent and CFO to issue refunding bonds if market conditions meet preset metrics, with staff targeting refunding of roughly $6.27 million of 2016 maturities to achieve net present value savings.
The Alice Independent School District board on Monday adopted a parameters order authorizing district officials to execute a refunding of a portion of the district's outstanding unlimited-tax refunding bonds if market conditions meet financial targets.
Thomas Straps of Bridal Financial Consulting told trustees the district could consider refunding about $6,270,000 of 2016 maturities due 2028–2033 and that current market assumptions yield projected net present value (NPV) savings of roughly $115,895, or about 3.44…
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