District reports successful second bond tranche sale and construction progress
Advisers told the board the district sold a second tranche of bonds with 12 bidders and a 3.99% interest result; staff also reported construction progress at Murray High and Riverview and said the Apex Center design is out to bid.
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District finance staff and municipal adviser Matt Dugdale (Stifel) reported that the second tranche of the district’s bond issuance sold last week and attracted 12 bids, producing a rate near 3.99%. Dugdale said the district’s structuring and timing—split into tranches to match project spending—helped achieve results that lowered projected average taxpayer impact below earlier estimates.
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