The West Central Valley School Board approved refinancing their School Infrastructure Sales, Services, and Use Tax Revenue bonds at a special meeting Wednesday.

The Board directed the sale of $3.72 million in series 2020 bonds with Zions Bank, and approved a resolution authorizing the redemption of $4.16 million in outstanding bonds to UMB Bank. The Board originally issued $6.58 million in bonds in 2012, and Travis Squires of Piper Sandler and Company who facilitated the refinancing told the Board that they’re estimated to save $40,000 a year. In other items, the Board approved a purchasing agreement with Heartland Area Education Agency, 2020-2021 extended day contracts for certified staff, and a quote of about $6,907 from Egan Supply Company for gym floor resurfacing.