Financing of building projects reaches final stages

The final sale of general obligation bonds to finance facilities construction and improvements is scheduled to be completed during the March 15 meeting of the Hartley-Melvin-Sanborn school board.

A resolution approving the process of selling $460,000 in bonds was approved on Feb. 17. The sale would complete the issuance of $18.9 million in bonds authorized by voters in 2018 to finance construction of new elementary and middle schools and renovations of the high school. The district is hoping interest rates on the bonds will be advantageous.

"We are hoping to have a rate under 1 percent. That i...