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Dunlap superintendent reports construction progress; bond refinancing shows roughly $650,000 aggregate savings
Summary
Superintendent updated the board on construction at the new training center and reported that a bond refinancing analyzed with Bernardi Securities produced an estimated $650,000 aggregate cash‑flow savings; staff will provide a written explanation of capitalized interest mechanics.
At the Dunlap CUSD 323 Board meeting, the superintendent provided a construction update and an overview of recent bond refinancing activity.
The superintendent said the district’s new training center has its steel erected but will not be enclosed by the start of the new year as originally planned; work continues despite cold weather. He noted that the first set of construction bids came in lower than budgeted — budgeted at about $2.5 million with an initial…
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