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Board approves short-term bond sale, authorizes bond-counsel engagement and next steps for larger bond series
Summary
Trustees approved selling about $3.625 million in short-term general-obligation bonds, awarded the sale to First Interstate Bank under presented terms, and authorized engagement of bond counsel and pre-levy steps for the larger 2026B issuance.
The Marshalltown Community School District board approved a short-term sale of general-obligation bonds (Series 2026A) to support near-term expenditures tied to the Miller Middle School project and advanced planning for the larger bond issuance series to follow.
Finance staff explained the Series 2026A sale would raise approximately $3.625 million and that First Interstate Bank submitted…
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