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Board hears bond refinancing that could save nearly $1 million; approves consent finance items totaling $3.69 million
Summary
Administrators reported a bond refinancing with a 2.36% winning bid expected to save about $1 million on a seven-year portion; the board approved finance consent items including bills/claims of $3,692,778.06 and contracts for nursing and specialized services.
District administrators told the board they refinanced a series of bonds last week and received seven bids; FHN Financial Capital Markets offered the winning bid at an interest rate of 2.36. The administrator said the refinance should save taxpayers close to $1,000,000 on the seven-year portion of the debt and that the bonds will…
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