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West Ottawa Bond Sale Considered Successful

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PARK TWP., MI (WHTC) - The first series of bonds for 42.5 million dollars of improvements in the West Ottawa School District has been successfully sold, according to Superintendent Tom Martin. The true interest cost was 3.54 percent over 25 years, thanks in part to ratings of double-a-2 and double-a minus by Moody’s and Fitch’s, respectively. Voters had approved the sale last month to fund infrastructure renovations and program improvements.

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