Serving Whitman County since 1877
Serving Whitman County since 1877
The Colfax school board has approved District Business Manager Reece Jenkin to look into options for refinancing bonds from the 2005 remodeling project at the high school.
At the board meeting Dec. 27, Jenkin told the members about the process of deciding when it pays to refinance. He said he thinks that now the circumstances are to a point where the savings would be worth pursuing. He said the school could save $200,000.
Two companies which have been soliciting Jenkin with refinance options are Seattle Northwest Securities and D.A. Davidson.
Jenkin pointed out that refinancing is a one-time option.
“And that’s it,” he said.
The board voted to continue to work with Seattle Northwest Securities, the original agent for the district with the bonds for the 2005 project.
Options for refinancing the bonds are expected to be considered in the coming months.
Garth Meyer is a former Whitman County Gazette reporter.
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