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Grain Valley R-V board authorizes parameters to refinance 2021 bonds, cites roughly $333,000 projected savings
Summary
The Board approved a parameters resolution allowing district officials and LJ Hart & Company to lock in a refunding of callable 2021 bonds, with staff projecting a net present value savings of about $333,000 and an estimated yield near 2.9%.
The Grain Valley R‑V Board of Education voted to approve a parameters resolution authorizing district officials and LJ Hart & Company to pursue a refunding of the district’s 2021 general obligation bonds.
LJ Hart representatives described an opportunity to refinance bonds that are callable March 1, 2026, and proposed issuing roughly $6.375 million in refunding bonds at an estimated 4 percent coupon (yield quoted around 2.9 percent). A district staff presenter…
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