Lawrence school board to consider $43.5M bond sale
photo by: Nick Krug
The Lawrence school board will learn Monday how much it will cost to issue debt for the second half of its 2017 $87 million bond issue.
On the agenda when the board meets at 7 p.m. Monday at district offices, 110 McDonald Drive, is the approval of a $43.5 million bond sale. The board will consider bids it receives from a public sale of the bonds, scheduled for noon Monday.
The school board sold the first $43.5 million of that bond issue in September 2017. Hutchinson, Shockey, Erley & Co., of Chicago, was the lowest bidder for the first bond sale, charging the district an interest rate of 2.95 percent for the 20-year bonds.
The board also will receive a report from Ann Mah, who represents Lawrence as the District 4 member of the Kansas State Board of Education.