aharpster@lewistownsentinel.com
MIFFLINTOWN- Juniata County School Board discussed refinancing 2014 and 2016 bonds Thursday evening during their regularly scheduled monthly meeting via Zoom and YouTube livestream.
Jamie Doyle, Public Financial Management (PFM) advisor, held a presentation going over the details of the current bonds and timeline for the 2014 and 2016 bonds. Currently, interest rates are at their lowest which makes an ideal time to refinance according to Doyle.
The board voted unanimously to authorize the Administration to work with PFM Financial Advisors LLC, as Independent Financial Advisor, and Eckert, Seamans, Cherin & Mellot, as Bond Counsel, as well as the local Solicitor to proceed with the issuance of General Obligation Bonds, series of 2021, for the purpose of currently refunding the outstanding General Obligation Bonds, Series of 2016 and 2014 via a competitive internet auction with a minimum net savings target for 2016 to be $200,000 and 2014 savings to be $240,000.