The Highland School Board met October 23. Photo by Sam McIntosh

The Highland School Board took action on refinancing their tax refund bond at Monday’s meeting.

Matt Gillaspie of investment management firm Piper Jaffray presented different proposals to the board for refinancing the approximate $2.6 million in school infrastructure sales, services and use tax refunding bond, series 2017. Gillaspie determined the best offer for the district was from JPMorgan Chase & Co. which had a 2.27% interest rate for a savings of $281,000. The board approved a resolution to sell the bond to JPMorgan Chase & Co. and the legal paperwork will be completed on November 13 with a transaction close on November 28.