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Moorhead school board ratifies $34.525 million refunding bond sale; adviser says about $1.2 million in taxpayer savings
Summary
The Moorhead Area Public Schools board on Jan. 12 ratified the issuance and sale of $34,525,000 in refunding bonds (Series 2026A). District financial adviser Matthew Hammer told the board the sale produced a true interest cost near 2.46% and roughly $1.2 million in debt‑service savings that must be returned to taxpayers.
On Jan. 12, the Moorhead Area Public Schools Board of Education voted to ratify the issuance and sale of $34,525,000 in general obligation school building refunding bonds (Series 2026A). The motion to approve the resolution was moved and seconded and carried by voice vote.
District financial adviser Matthew Hammer of Miller’s/TRB Capital Markets presented the presale report and described the sale process. “We…
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