ITEM NUMBER: 6.C.
School Board Regular Meeting
- Meeting Date:
- 10/05/2015
- Prepared By:
- Jerry Kolander
Item Type:
Action
Subject:
Resolution Providing for the Refunding of $6,140,000 General Obligation Bonds
Background:
The attached resolution prepared by our financial advisor, Northland Securities, calls for the refunding of $6,140,000 of General Obligation School Building Bonds. The projected savings are $743,658.09. Representatives from Northland Securities will present the refunding details.
Recommended Action:
The administration recommends that the School Board take action to approve the attached resolution.