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U-46 sells just over $81 million in bonds; administration flags change order at Kimball Middle
Summary
School District U-46 reported a successful Jan. 13 sale of general obligation bonds totaling just over $81 million to finance Unite U-46 capital work. District officials said investor demand lowered borrowing costs but flagged a forthcoming change order for Kimball Middle School and emphasized contingency measures.
U-46 officials told the board Jan. 26 that the district completed the sale of its general obligation school bonds, series 2026A and 2026B, ‘‘totaling just over $81,000,000,’’ and that strong investor demand produced premium proceeds that reduce the district’s borrowing costs. Dr. Anne Williams, deputy superintendent of operations, said the two series attracted 10 and 14 bidders respectively and reflect the district’s double-A-plus credit rating.
The bond proceeds are intended to fund the Unite U-46 program of facility improvements across the district,…
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