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Indianola board authorizes sale of $30 million in sales‑tax revenue bonds to fund high‑school construction
Summary
The school board approved a resolution authorizing the sale and issuance of approximately $30 million in school infrastructure sales‑tax revenue bonds to fund phase 1 of the high‑school construction and about $2 million of phase 2 and scheduled a special meeting to accept the winning bidder after the sale.
The Indianola Community School District board voted unanimously to authorize the sale and issuance of school infrastructure sales‑tax revenue bonds totaling about $30,000,000 to finance the high‑school construction project.
Administration told the board the bond proceeds will fund the remaining costs for phase 1 of the construction and roughly $2,000,000 of phase 2, covering…
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