Report to Board on Bond Sale

On July 24th the District entered into a competetive sale of $26,000,000 in bonds.   The bonds were purchased by Morgan Stanley & Co, LLC.  Superintendendent Green will review the process and outcome with the board.   The documents attached were generated by Mark Prussing, the district's financial consultant.  They include a four page overview of the bond sale results and a comparison of Woodland's sale to two other sales, Issaquah SD, A large district in the Seattle area with an excellent credit rating, and Ridgefield School District, a district with similar rating and other conditions to Woodland.  By comparison to these districts Woodland did very well.
Attached Files:
Bond_Sale_Results_072412.pdf 653 application/pdf
Pricing_Comparison_Woodland_SD_072412 (3).pdf 98 application/pdf