St. Vrain Valley School District sells last round of bonds for construction projects

The St. Vrain Valley School District recently sold its second and last round of bonds from its $260 million capital construction bond issue.

The bond issue, approved by voters in 2016, is paying for both new buildings and additions and improvements to existing schools.

St. Vrain sold $60.34 million in bonds with a repayment period of five years instead of the originally planned 14-year schedule, saving taxpayers more than $12 million in interest, said Greg Fieth, chief financial officer. 

Before the bonds were sold, Standard and Poor's upgraded the district's credit rating from "AA" to "AA-plus." Fieth said that helped the district secure low interest rates, between 1.72 percent to 2.21 percent.

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