From Deseret News archives:
Provo District sells $9.4 million in bonds
Provo district business administrator Kerry Smith said. Morgan Keegan and Company, based in Memphis, Tenn., won the bid because it offered the lowest interest rate 3.96 percent.
Morgan Keegan will find investors to purchase the bonds.
The district will repay the $9.4 million plus interest over the next 20 years, Smith said.
The district will use the money for expansion projects at Provost and Sunset View Elementary Schools, an expansion at Centennial Middle School and the purchase of property around Timpanogos Elementary, which will be rebuilt at its current site.
The money will also pay for a study of the seismic safety of the district's schools and some projects, such as new windows, to help the district save money on energy costs in its buildings.
Voters in June OK'd the district's request to issue up to $35 million in bonds to pay for building construction and remodeling in city schools.
Comments
- Payson, chamber seek medical firm 2:49 p.m.
- Protests against Phoenix LDS temple 2:47 p.m.
- Palin's book tour hits Fort Bragg 2:42 p.m.
- Matheson unsure about health bill 2:40 p.m.
- BYU's Lamb, Jorgensen reprimanded 2:38 p.m.
- Mapleton's sewer rate mulled 2:37 p.m.
- Stocks higher on home sales data 2:32 p.m.
- Pitta among Mackey Award finalists 2:31 p.m.
- Five arrested in explosive prank 2:24 p.m.
- Police seek men in home invasion 2:19 p.m.
- Buttars wants to limit gay rights laws
213 - Glenn Beck to enter politics?
211 - RSL wins MLS Cup on penalty kicks
185 - Palin plans tour stop in Utah
178 - BYU records with win
132 - Palin's book shows she's unqualified
131 - BYU cuts Women's Research Inst.
103 - Officer cleared in Cardall Taser case
103 - Bronco, Kyle rubber match
102 - Jazz finally win in San Antonio
99
Utah's only Pottery Barn at Trolley Square, 600 S. 700 East, has...
A little after midnight Wednesday morning, about 21 hours ago as I write...
chokes as usual, and a not-so-great Utah team (as compared to last...
"Was this a hate crime?" No - the victim was a white person and don't you...
Can Jorgensen not play this Saturday or something? That would just be...
Maybe she'll quit halfway through her booktour.
What is the penalty for extreme stupidity?
Funny, I feel like I am being called the enemy as well. All I want to do is...
Some of you people are such wieners. I'm not a soccer fan at all but I am...
Both of them need to go down. They are both simply Pelosi puppets. She...
why the obsessive anger over this subject? I am not the official spokesmen...
I agree having "fun" while playing may be good, but it should not be the top...


You can be the first to comment on this story.