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Manhattan-Ogden USD 383 board re-engages Piper Sandler to explore bond refinancing; approves several purchases and calendar on unanimous votes
Summary
The Manhattan-Ogden USD 383 Board of Education unanimously approved re-engaging Piper Sandler to study bond-refinancing opportunities and approved a series of procurement and calendar items, while administrators clarified the refinancing is separate from the Fort Riley/ICSA project.
The Manhattan-Ogden USD 383 Board of Education voted unanimously to re-engage Piper Sandler as a bond managing underwriter and placement agent and approved several procurement and calendar items during its regular meeting.
The board approved a motion to re-engage Piper Sandler so that the district's financial advisors can evaluate refinancing opportunities and, if conditions are favorable, pursue market options to reduce interest costs. Eric Reed, who led the discussion of refinancing mechanics, said the district has previously saved taxpayers by refinancing: "we've saved our taxpayers over $20,000,000," and administrators emphasized the work will be exploratory and timed to market conditions.
Board members asked…
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