(7-23-20) Recently, the Coldwater Exempted Village School District refunded the outstanding $5,230,000 of General Obligation School Facilities Construction & Improvement Refunding Bonds, issued originally in 2012, with the assistance from Omar Ganoom, Managing Director of Boenning & Scattergood Inc.

Jenn McCoy, Treasurer stated –

“The Coldwater Exempted Village School District Board of Education wants to take every opportunity to reduce taxes to our constituents, and with favorable bond market conditions, we think this refunding provides a great opportunity to save money for the community.”

The refinancing will save the district’s taxpayers approximately $318,000 or approximately 6% of the refunded amount, which represents significant savings to the District.