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Scott County School Board approves financing plan for two elementary additions
Summary
The board approved a resolution authorizing a financing package to support additions at Weber City and Yuma elementary schools after a Davenport & Company representative outlined a roughly $5.5 million lease-revenue bond plan with a 20-year structure and refinancing options.
The Scott County School Board on Oct. 7 approved a financing resolution to support construction additions at Weber City and Yuma elementary schools.
David Rose of Davenport & Company presented the recommended financing option, explaining the Economic Development Authority would issue lease-revenue bonds in an amount of about $5.5 million to pay for the projects. Mr. Rose told the board the package was structured as an approximately 20-year fixed-rate…
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