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Washburn board approves parameters to borrow up to $4.48 million for referendum projects
Summary
The Washburn School District board approved a parameters resolution authorizing up to $4,480,000 in general-obligation promissory notes to complete projects from last year’s referendum; Baird presented financing assumptions and a timeline to sell bonds and close in early 2026.
The Washburn School District board on Dec. 9 voted to approve a parameters resolution authorizing district officials to issue general-obligation promissory notes not to exceed $4,480,000 to fund the remaining work approved in last year’s referendum. The motion passed by voice vote after a presentation by Kevin Mullen of Baird, the district’s financial advisor.
Mullen told the board that the district previously borrowed roughly $9.95 million and has authority remaining to borrow "$4,400,000, $4,480,000, that has yet to be…
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