Elanco Trying To Save $400,000 ; School District Wants To Refinance $12.5 Million In Bonds From 2010
By Justin Stoltzfus; Justin Stoltzfus Correspondent | |
Proquest LLC |
BY
Correspondent
At its meeting
Eby said the current maturity date for the bonds is
Eby said a refinancing would allow the school district to offer banks options that include certain tax credits, where banks may in turn accept even lower interest rates.
Eby projected the move could save the district around
Also, Eby said, the district will not need bond insurance, since it has AA rating from Standard & Poors.
"You should receive some very aggressive bids." Eby said.
In other business at the meeting, the school board:
nHeard from
Mohler, an Elanco graduate and member of the
Mohler said the group will present a formal budget plan to the board and to administrators next month.
nGot an update from board member
Readman is a member of the LCCTC's
"The programs are growing and expanding," Readman said.
nIn a legislative report, board member
Wentzel also mentioned state
School board president
nSuperintendent
One was a Science Olympiad at
Hollister said a number of district students also placed well in a
Hollister also congratulated Elanco's
Hollister said fifth- and sixth-grade students from the school made up two teams that placed first and second in a recent competition involving dozens of teams.
"It has become a dynasty," Hollister said. "It's exciting to watch."
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