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Mount Vernon board approves up to $12.21 million in bond spending, OKs refinancing of 2016 debt
Summary
The Mount Vernon Community School Corporation board approved a declaration to appropriate up to $12,210,000 in bond proceeds for facility projects and voted to refinance a 2016 bond series, a move the district says will capture roughly one debt payment in savings.
The Mount Vernon Community School Corporation board voted unanimously Tuesday to approve an additional appropriation of bond proceeds not to exceed $12,210,000 and to refinance the district's 2016B bond series.
Mister Elkins, who introduced the measures, said the appropriation will be deposited into the construction fund (Fund 2301) and used for renovations and improvements previously approved in June 2023, including roofing, site and…
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