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Fort Mill board approves $6.0M bond and authorizes up to $235M in refunding bonds
Summary
The Fort Mill School Board voted unanimously to issue up to $6,025,000 in general obligation bonds for scheduled payments and approved authority to refund up to five prior bond issues with total authorization not to exceed $235,000,000 to allow market-timed refinancing.
At its March 17 meeting the Fort Mill School District Board approved two bond-related actions proposed by district staff.
A motion moved by a board member and seconded at the meeting authorized the issuance and sale of general obligation bonds not to exceed $6,025,000 to provide for two upcoming payments related to past installment purchase revenue bonds and final equipment-acquisition payments tied to prior HVAC projects at Orchard Park Elementary, Fort Mill Elementary and Fort Mill Middle. The board…
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