School Board Authorizes Refunding Bonds, Saves $2 Million

Here's a look back at Monday's Northfield School Board meeting.

Documents from the meeting are attached as PDFs.

The board:

• approved a resolution awarding the sale of General Obligation Alternative Facility Refunding Bonds and General Obligation Refunding Bonds, which should save the district more than $2 million on the life of the two bonds. Superintendent Chris Richardson told Patch that the sale of bonds is essentially like refinancing your house to lower your interest rates, which has a positive effect on the future debt service levies for taxpayers.
• heard school improvement plans for Sibley and Bridgewater elementaries.
• received a presentation for the Professional Learning Communities for early childhood.

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