Is Lakewood School Board "Redlining"?: Lincoln's "Gingerbread" v. Grant & Roosevelt

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Edward Favre
Posts: 381
Joined: Thu Aug 25, 2005 6:46 pm

Re: Is Lakewood School Board "Redlining"?: Lincoln's "Gingerbread" v. Grant & Roosevelt

Post by Edward Favre »

Marguerite Harkness wrote:Ed, How is this project being financed? I know it is somehow part of our real estate taxes. Are bonds issued, over a period of (how many) years, and are the bond premium and interest divided up among the Lakewood real estate, over that number of years? What is the interest rate, and can we buy the bonds through ... our brokers? Thanks.
OK, did some checking. The interest rate on the most recent bond issue, $49,950,000 is 4.21% for 30 years. Issued in 2013, matures 2043.
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