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Alice ISD reviews plan to refund 2016 bonds, projects three‑percent NPV savings
Summary
A financial advisor told the board the district could refund $6.27 million of 2016 unlimited‑tax bonds and currently projects net present value savings of about $115,895 (3.44%), but staff said additional market movement is required to meet internal cost‑of‑issuance thresholds.
Thomas Straps, a financial consultant, presented a preliminary plan for an unlimited‑tax refunding of portions of Alice ISD's outstanding bonds and answered trustees' questions on Nov. 17.
Straps said the district has four series of bonds outstanding totaling about $60,280,000 and proposed refunding $6,270,000 of the 2016 series representing maturities in 2028–2033. "We're looking at refunding an amount of…
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