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Minnetonka board approves roughly $55 million bond sale to fund school projects
Summary
The Minnetonka Public School District board on Jan. 6 approved the sale of approximately $55 million in 2026A general obligation bonds to fund renovations at two middle schools, new science labs, gym/performance venues and a high‑school security upgrade; the district cited its long-standing AAA rating and secured a 4.69% coupon.
The Minnetonka Public School District board approved the sale of approximately $55,000,000 in 2026A general obligation bonds during its Jan. 6 organizational meeting, a financing step officials said will fund renovations at two middle schools, add science labs and performance/gym space, and support a high‑school security upgrade.
Paul Bourgeois, the district’s executive director of finance and operations, described the sale and the district’s credit standing. ‘‘We are AAA rated,’’ Bourgeois said, noting the rating by Moody’s Investors Service and the district’s…
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