Alpine Schools Eye $210M

Alpine School District officials expect to ask voters to authorize $210 million of bonds to rebuild 12 schools and improve earthquake safety at 14 others.

Superintendent Vern Henshaw said the spending plan released last month can be revised by the school board after public comment. Assistant superintendent Rob Smith said the bonds could also pay for other minor repairs and improvements.

The 724-square-mile district is about 33 miles south of Salt Lake City and serves around 260,000 residents.

The district, which carries an underlying rating of Aa2 from Moody's Investors Service, issued $68 million of bonds in 2009. It has about $419 million in outstanding debt. Backing by the Utah School Bond Guaranty Program provides a rating of triple-A.

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Utah
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