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Brainerd board authorizes sale of refunding bonds to Raymond James
Summary
The Brainerd Public School District board authorized a resolution to award the sale of general obligation school building refunding bonds to Raymond James after a morning bond sale produced a low bid of 2.7%, with staff saying the refunding will use debt service fund cash to lower principal and capture savings.
At a regularly scheduled meeting, the Brainerd Public School District school board voted to authorize a resolution awarding the sale of general obligation school building refunding bonds to Raymond James.
A representative from Ehlers summarized the bond sale, which occurred that morning. “The low bidder was, Raymond James out of Florida, and that was at, 2.7,” the presenter said, adding that a presale estimate had been…
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