Board authorizes bond refundings, citing present-value savings above 2%
Trustees approved resolutions to authorize general-obligation refunding bonds (series 2026A and 2026B) and delegated authority to monitor market conditions so the district can proceed if rates are favorable. Financial adviser said present-value savings exceed 2% and one payoff could save roughly $460,000 over time.
The full story
Trustees voted unanimously to approve resolutions authorizing the issuance and sale of general-obligation refunding bonds, part of a plan to streamline the district's debt and capture interest savings.
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