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The board approved an initial project resolution for approximately $66 million in RPI bonds: $46 million to refinance a 2015 bond and up to $20 million for reimbursements, expenses, and critical land and building improvements.
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This approval advances the bond application but is not described as the final bond issuance. The proposed financing would refinance existing debt and support RPI improvements. The board also approved January financial statements showing $283,556 in total assets, including $68,556 in cash, and no liabilities.
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