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‘We got some really, really, really good results’

Submitted by admin on Wed, 05/15/2019 - 11:51am
By

Monday’s sale of general-obligations tax-abatement bonds to fund the Glencoe-Silver Lake School District’s parking lot improvement plans went about as well as the district could have hoped for, thanks to a robust field of bidders and an improved bond rating for the district.
The result is a slight decrease in the impact taxpayers will feel.
“We got some very, very good results. I don’t think we could ask for any better,” said Matthew Hammer, a municipal advisor from Ehlers, the school district’s financial advisor on the bond sale.
The school board approved the sale of $1.035 million in general-obligation tax-abatement bonds Monday, May 13, to Hilltop Securities of Dallas, Texas. The firm was one of five bidders in a field that included Security Bank & Trust of Glencoe. It was the runner-up to Hilltop Securities. The bonds will pay for parking lot improvements at Glencoe-Silver Lake Junior/Senior High School, Lakeside Elementary School in Silver Lake and assorted other minor parking lot projects around the school district.

(For the complete story, see the May 15 print edition of The Chronicle)