The Rochester Community School District Series II bond sale resulted in the second largest competitive sale nationwide. The district received six proposals for the bonds with true interest costs (the actual costs of taking out a loan) ranging from 2.85-2.98 percent. Bank of America was the successful bidder which included a premium in the amount of approximately $971,800. The face value of the bonds totaled $56,025,000. “The Board’s vision and long-term commitment to the strategic plan … [Read more...]