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MONROE SCHOOL BOARD: Tuesday, Nov. 2, 2010
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On Monday, Nov. 1, the Monroe school board: Approved a resolution to issue up to $9.2 million in refinancing bonds. The resolution will allow Robert W. Baird and Company of Milwaukee to issue bonds within the next two months, whenever the district could receive the best interest rate, said Ron Olson, district business administrator.Olson said the district expects to save $800,000 over the next eight years by issuing bonds. The cost for a bond issue is included in the amount of savings, Olson added.The almost $11.5 million in debt to be refinanced is a result of money borrowed in 2001 for school construction.