PARK TWP., MI (WHTC-AM/FM) – The West Ottawa Board of Education gave its constituents a Christmas present a week ahead of the holiday, but it didn’t come in wrapping paper and won’t be under any tree.
Superintendent Tom Martin told the panel, during its monthly meeting this past Monday, that the district’s 2017 Refunding Bonds were successfully sold in the amount of over 12.8 million dollars. This will reduce the Panthers’ interest expense by more than 1.3 million dollars, lowering debt payments over the next 14 years. These bonds were sold in an effort to advance refunding of the outstanding bonds from five years ago, and came after Moody’s Investor’s Service upgraded the district’s credit rating to Aa2, the third highest rating available.
