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After voters approve $88M bond, DCG moves to sell $15M tranche; Moody’s affirms AA2 rating
Summary
Following voter approval of an $88 million bond measure, the district approved engaging Piper Jaffray for secondary‑market disclosure and Ahlers & Cooney as bond/disclosure counsel and authorized a tax‑exempt sale of about $15 million; Moody’s reaffirmed an AA2 rating for the district before the planned sale.
The Dallas Center‑Grimes Community School District board authorized steps to sell an initial $15 million tranche of the $88 million bond voters approved Nov. 4 and approved related professional engagements for the sale.
Finance staff told the board that after the bond passed the district moved quickly to prepare a December bond sale of approximately $15,000,000 as part of the larger $88,000,000 authorization. Moody’s performed an interview on Nov. 20 and…
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