In February, 1992, Wooster Schools issued approximately $28,000,000 of bonds to construct a new high school and make various improvements to other district facilities. Then, in November 1997 the District issued nearly $25,000,000 in advance refunding bonds to take advantage of lower interest rates on the remaining outstanding balance of the original bond issue. Those bonds were sold with a call date of December 1, 2007. During the summer of 2007, Sudsina & Associates, LLC determined that the 1997 bonds could be currently called as soon as September 2007 and interest rates at the time indicated that a current refunding of the callable bonds would be beneficial. The District engaged Sudsina to help structure the transaction and select an investment banking firm to market the bo

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