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Hart district moves forward with SA bonds

Posted: March 5, 2013 7:19 p.m.
Updated: March 5, 2013 7:19 p.m.

The Hart district has secured funding for some of its top-priority projects, including the construction of the Castaic-area high school and building new auditoriums at Saugus and Canyon high schools.

The William S. Hart Union High School District has closed sale on about $167 million in general obligation bonds to fund the construction projects, according to spokeswoman Gail Pinsker.

Other projects that are expected to be funded through the bonds include modernization projects at Hart High School, Sierra Vista Junior High School and Placerita Junior High School.

“With historically low interest rates and a favorable building environment, we are pleased about the timing of this release,” said Hart district Superintendent Rob Challinor in a news release. “We are excited about constructing the long awaited high school in Castaic and providing new, high-tech classroom buildings and other upgrades to some of our older schools.”

The district board voted back in December to approve the bond issuance out of the $300 million Measure SA bond project that voters approved in November 2008.

Since December the district has been working to sell the bonds, Pinsker said. The district completed the sale last week.

“The money is on hand and in our bank account,” Pinsker said.

The district still has about $15 million left in unissued Measure SA bonds after this latest release, Pinsker said.
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