Board authorizes parameters resolution to explore refunding up to $31M in bonds
Trustees approved a parameters resolution that allows the district to pursue refunding of 2013 and 2014 general obligation bonds (roughly $21M and $14.5M outstanding) to capture estimated interest savings and shorten payoff.
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The Weber School District board approved a parameters resolution authorizing staff to pursue potential refunding of outstanding general obligation bonds. Finance staff said the district still owes roughly $21,000,000 on 2013 bonds and $14,500,000 on 2014 bonds and asked the board to delegate authority to officials to finalize terms if market conditions become favorable.
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