EDMONDS — The Edmonds School District will refinance callable 2009 bonds to take advantage of lower interest rates. The refinancing will save district taxpayers about $1.1 million over the next 13 years. Interest rates averaged 2.8 percent on the new bonds, compared to 5 percent on the old debt.
Voters in 2006 approved a $140 million construction bond measure to build Lynnwood High School (opened in 2009) and Meadowdale Middle School (2011), among other capital projects.
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