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Henderson County board approves up to $18.69 million bond issue to fund HVAC and capital projects
Summary
The Henderson County Board of Education approved a resolution authorizing the issuance of general obligation bonds (Series 2025) estimated at $18.69 million to fund HVAC replacement and other school capital projects; the district will apply $2.7 million in cash to reduce borrowing. The competitive sale is set for Dec. 2 with closing Dec. 18.
The Henderson County Board of Education voted Nov. 17 to authorize a general obligation bond issue estimated at $18,690,000 to finance school construction and equipment needs, including an HVAC replacement at South Middle School.
Kelly Merced of Baird, the district’s financial advisor, told the board the estimate is preliminary and that the sale will be competitive. “We are estimating to borrow about 18,690,000 of bonds,” she said, adding the plan includes a 5%…
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