Kalamazoo schools to price $119.555 million general obligation bonds on Jan. 23

By Cristal Cody

Springdale, Ark., Jan. 18 - Portage Public Schools in Kalamazoo County, Mich., is pricing $119.555 million unlimited tax general obligation bonds on Wednesday.

Proceeds will be used to renovate two high schools and two elementary schools, Tom Noverr, assistant superintendent for operations for Portage Public Schools, said Friday.

The series 2008 school building and site bonds have serial maturities from 2009 to 2031.

Wachovia Securities is the lead underwriter, and the financial advisor is H.J. Umbaugh & Associates in Lansing, Mich.

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