The Lafayette Parish School Board signed off on a $30 million bond issuance this week, which will fund upgrades to a number of schools parishwide, according to a press release sent out Tuesday by the school system.

LPSS_Bond_Signing

Seated, from left, Hunter Beasley, Shelton Cobb and bond attorney Jerry Osborn. Standing, from left, Billy Guidry, Rae Trahan, Tehmi Chassion, Tommy Angelle, Mark Babineaux, Matthew Dugas, Kermit Bouillion, and bond attorney Lee Bressler.

 

“Due to LPSS’s good credit rating and favorable market conditions, the bonds were issued with a premium of $2,553,322 and a historically low net interest cost of only 2.29 [percent],” Tuesday’s release states.

According to a presentation given by LPSS superintendant Dr. Pat Cooper during The IND’s Lecture Series in November, the schools slated to benefit from the $30 million bond, and the amount each will receive, is as follows:

• Northside High ($2.08 million)
• Thibodaux Tech Magnet STEM Academy ($9 million)
• G.T. Lindon Elementary ($8.96 million)
• Youngsville Middle ($5.4 million)
• L.J. Alleman Middle ($3.07 million)
• Lafayette High ($2.52 million)

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