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