In September, 2001, Huron Schools entered into a lease agreement to fund the construction of 10 additional classrooms at its elementary school. By late 2005 it was obvious that interest rates had dropped to the point where significant savings could be had by refinancing the original lease. At the same time, the District had new money needs for stadium improvements, computers and phone system equipment. It was determined that the entire financing could be accomplished through a single, new lease structure. The decision was made to privately place the lease due the relatively small par amount, coupled with the complexity of the component purposes. Sudsina & Associates assisted the District with the selection of All Points Capital Corporation as leasing agent. Each of the four

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