On November 3, 2015 the proposal for a bond issuance in the aggregate principal amount of $14,191,422 was approved. The levy was for an additional 0.5-mill property tax outside the ten-mill limitation passed by a 57% affirmative vote. Sudsina & Associates was brought on to assist the school district in the issuance process. In order to provide funds for preliminary expenses while the bond issue was being prepared, Sudsina & Associates worked with Bond Counsel, Squire Patton Boggs, to assess the feasibility to issue short-term bond anticipation notes once the election results were certified. It was agreed that notes would be advisable so Sudsina & Associates prepared a $5,000,000 five month note issue. The December 17, 2015 sale resulted in a very attractive interest rat

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