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District attorney: Avamore CID locked general obligation bond rate at 5.340%
Summary
The district attorney reported the district locked a rate of 5.340% on its general obligation bonds, circulated draft documents, and scheduled signings ahead of a closing on the 5th.
The district attorney updated the board that the district locked in a general obligation bond interest rate of 5.340% on Friday and that draft closing documents had been circulated and revised with comments incorporated. He said the district would meet with the chair and treasurer to sign documents in advance of a scheduled closing on the 5th.
"We did go ahead and lock in a rate of 5.340 on Friday," the district attorney said, adding that documents have been updated and a signing meeting was scheduled for the coming Wednesday ahead of the closing. The board indicated the timeline left them "in very good shape" for the planned closing.
