Oct 21 2014

School Bonds to be Restructured Saving Taxpayers $800,000

At the Wednesday, October 22, 2014, School Board Meeting starting at 7:00 p.m. in the City Hall Council Chambers, the Board is expected to authorize issuance and sale of 2014 General Obligation Refunding Bonds in the aggregate of up to $11,000,000.

On October 8, the Board  considered information provided by the District’s bond consultant KNN (Kelling, Northcross and Nobriga) on the mechanism to refinance outstanding bonds in order to issue bonds with a lower interest rate. The financial action is expected to save Piedmont property owners approximately $800,000 over the next seven years.

The meeting is open to the public and will be broadcast on Cable Channel 27 KCOM and also live streamed on the City’s website. Recordings will be made of the proceedings and available to the public following the meeting.

Read the staff report here.

Read the agenda for approximate times of agenda items here . 

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