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Board authorizes staff to pursue GO bond refunding that could save taxpayers an estimated $4.5 million NPV
Summary
After a presentation from Hilltop Advisors, trustees approved a resolution authorizing staff to proceed toward pricing a general‑obligation bond refunding that Adam Bauer said could yield about $4.5 million in net present value savings (approximately 4.67% NPV percent) if market conditions hold.
Trustees authorized the district to move forward with steps to refinance a portion of its general obligation debt after a financial presentation outlined potential taxpayer savings.
Adam Bauer, president and CEO of Hilltop Public Finance (the district’s municipal advisor), told trustees the district’s credit rating had improved to Aa2 and cited an assessed valuation near $54.7 billion as…
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