Tigard-Tualatin Sch. Dist.
Emergency Messages as of 12:13 am, Fri. Jul. 10
No information currently posted.
Subscribe to receive FlashAlert messages from Tigard-Tualatin Sch. Dist.
Primary email address for a new account:

And/or follow our FlashAlerts via Twitter

About FlashAlert on Twitter:

FlashAlert utilizes the free service Twitter to distribute emergency text messages. While you are welcome to register your cell phone text message address directly into the FlashAlert system, we recommend that you simply "follow" the FlashAlert account for Tigard-Tualatin Sch. Dist. by clicking on the link below and logging in to (or creating) your free Twitter account. Twitter sends messages out exceptionally fast thanks to arrangements they have made with the cell phone companies.

Click here to add Tigard-Tualatin Sch. Dist. to your Twitter account or create one.


Hide this Message

Manage my existing Subscription

News Release
Tigard-Tualatin School District Realizes $21.9 Million in Bond Premium - 06/05/19

Tigard, Oregon – Tigard-Tualatin School District (TTSD) Chief Financial Officer David Moore announced today the realization of $21.9 million in bond premium on the sale of the remaining authorized $90.36 million of the original $291.315 million in General Obligations Bonds approved by Tigard-Tualatin voters in November 2016. The premium dollars will provide additional bond program contingency as the District completes remaining projects over the next few years.

“Factors that led to today’s favorable outcome included the excellent leadership from the School Board and superintendent, counsel from financial partners and TTSD’s strong financial condition and management,” said CFO Moore. “TTSD’s bonds are attractive to investors due to the district’s high credit rating, outstanding credit reputation, and strong fund balances.”

TTSD’s bonds are exempt from Oregon’s relatively high-income tax rate giving in-state buyers an extra advantage. Given that the volume of Oregon bonds has been very low in recent months, TTSD was well positioned to capitalize on high local demand. The district also credits the successful outcome to the exemplary guidance and service during the bond sale process from its financial advisors and underwriters to include PFM Financial Advisors, senior underwriter Piper Jaffray and co-manager underwriters, DA Davidson and Wells Fargo in addition to bond counsel Hawkins, Delafield and Wood LLP.  

In November of 2016, TTSD voters approved a bond measure to significantly improve aging facilities, invest in critically needed safety improvements and build a new elementary school. The new Durham Education Center, phase one of Tigard High School, Templeton Elementary and the addition to Tualatin High School are scheduled to celebrate completion in August 2019. Construction of Twality Middle School begins in June 2019 with an expected completion winter of 2021. The groundbreaking for the new Rutkin Elementary School is scheduled for winter of 2020 and anticipated to open for the 2021-22 school year. Phase two of Tigard High School is scheduled to be completed late spring 2020. Infrastructure and safety improvements are ongoing.

View more news releases from Tigard-Tualatin Sch. Dist..