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Pattonsburg R-2 approves sale of $556,000 certificates, construction starts July 11

The Pattonsburg R-2 Board of Education approved a resolution authorizing the sale of $556,000 Lease Certificates of Participation during a regular meeting held on June 20.

A public hearing was held on May 16 to consider issuing these certificates to provide funding for roof replacement and improvements to the existing facilities.

L.J. Hart & Company of St. Louis, the district’s municipal bond underwriter, developed the lease financing structure. The certificates

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