Agenda Item
Meeting Date: 11/12/2020 - 4:00 PM
Category: FINANCIAL MATTERS - Consent
Type: Action
Subject: 10.6 Approval of Financial Institution for Refunding the District's Capital Improvement Bonds, Series, 2014
Strategic Plans:
Policy:
Enclosure:
File Attachment:
GFS Refunding Analysis (First Federal Bank 1.59%).pdf
First Federal Proposal - 1.59%.pdf
Jackson Schools - 2014 Refunding Recommendation.pdf
Resolution No.111720.pdf
Summary: This is a refunding of existing bond debt. There is no request to lengtening the years or add any new money to the debt. The Bonds were issued to provide funds to refund the District's outstanding Refunding Revenue Bonds Series 1987 and 1994 issued to finance the cost of acquisition, construction and installation of, and renovation to, certain capital improvements and educational facilities within the District.
Funding:
Recommendation: Approval of Refunding the District's Capital Improvement Bonds, Series, 2014 with a new bank loan.
Approvals:
Recommended By:
Signed By:
Kathy Sneads - Director
Signed By:
Larry Moore - Superintendent