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Board authorizes bond refunding process for 2015 and 2016(b) issues, cites about $280,000 in projected interest savings
Lowell Area Schools Board of Education · March 10, 2026
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Summary
The board approved a resolution to pursue refunding of 2015 and 2016(b) bonds; district staff said a competitive sale could occur in April with board action in May and that refunding could save roughly $280,000 in interest over the next decade.
At the March 9 meeting the board approved a bond-authorizing resolution that allows the district to pursue refunding (refinancing) of its outstanding 2015 and 2016(b) refunding bonds. Chair asked for a motion; the item was moved and supported and the board voted in favor.
Presenter Miss Hodge explained the mechanics: "It's like…
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