Home‎ > ‎LGSD Bond Information‎ > ‎Bond Updates‎ > ‎

Bond Sale

posted Apr 11, 2015, 9:33 AM by Timothy Welch   [ updated May 5, 2015, 9:14 AM ]

On Wednesday, February 18th La Grande School District sold their voter approved $31.85 million bond on the open market through Piper Jaffray in Portland. School Board Members Merle Comfort and Joe Justice along with Superintendent Larry Glaze attended the bond sale. Results of the bond sale are very good for the residents of La Grande! 

 According to Superintendent Larry Glaze, "the bonds sold with a $4.1 million premium for total net proceeds of $35,805,489, which means the district will have additional funds to cover cost increases of the projects and a more robust overall project than originally planned. The great news for La Grande homeowners is the bond sale also resulted in a ten cent decrease in estimated tax rates. Because of the positive results of the bond sale, the original rate of $1.99 will drop to $1.89 per thousand of assessed value." 

 The La Grande School District Board will discuss allocation of the additional premium dollars at the February 25th work session.