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Board briefed on second phase of $51 million referendum financing; action planned Feb. 2
Summary
A financial advisor updated the board on selling a second tranche (~$6.2M) of a previously authorized $51M borrowing, reviewed market-rate movements and a tentative timeline for bids and closing; administration will seek board action at a special Feb. 2 meeting and the financing is targeted to close March 3.
A financial advisor, introduced to the board as Mr. Bridal Brewer, gave a briefing on the second portion of a $51,000,000 financing the district authorized last year. He said the board finalized the first $45,000,000 earlier and that the remaining phase is roughly $6,200,000, with an anticipated closing on March 3.
Brewer reviewed long-term borrowing trends and recent…
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