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CITY (NewsDakota.com) The Valley City School District will save an estimated 0,000 by advertising the public sale of a School Building Refunding Bond.

Superintendent Dean Koppelman says the state school construction loan interest rate dropped and it’s a good time to refinance this 20 year loan.

Business Manager Linda Heit says the length of the loan will remain the same through 2023 for the Hi Liner Activity Center and Tennis Court projects.

Meanwhile, the Carrington School district will save an estimated $100,000 by refinancing one of their building loan projects.