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St. Vrain Valley School District sells last round of bonds for construction projects
By Amy Bounds, Times Call
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.