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District says it sold $66 million in bonds at 4.76% and has updated appraisal in hand if property becomes available
Weaver Union Board of Trustees · May 15, 2025
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Summary
District staff told the board the district sold bonds totaling $66,000,000 at a 4.76% interest rate and said it has requested an updated appraisal for adjacent property to be ready for potential purchase discussions.
District staff reported that the district sold bonds and provided context for the timing of the sale and an update on nearby property interest.
A district staff speaker said the district paused earlier plans to sell when market rates spiked, monitored market…
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