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Meeting Date:
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3/7/2024 - 7:00 PM
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Category:
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Information and Study Items
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Type:
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Info
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Subject:
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Measure I: General Obligation Bonds - Refinancing Opportunity
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District Priorities:
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Enclosure
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File Attachment:
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Summary:
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The Cambrian School District issued General Obligation Bonds under Measure I in 2014 at the going interest rates at that time. As of today, there is an opportunity to refund these bonds with lower rate interest rate bonds. It is estimated that the savings for the community property owners will be approximately $2.5 million through refunding. Rich Malone, Chief Operating Officer, with Government Financial Services will make a presentation on the refunding opportunity.
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Funding:
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Recommendation:
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Approvals:
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Recommended By:
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Signed By:
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Carlena Grandey - Administrative Assistant to the Superintendent
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Signed By:
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Kristi Schwiebert - Superintendent
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