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Charter School in a Developing District Finds Favor in Colorado.

The Bond Buyer

| September 30, 2002 | Albanese, Elizabeth | COPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The Colorado Educational and Cultural Facilities Authority on Oct. 7 will sell $8.4 million of revenue bonds on behalf of a start-up school in Commerce City, Colo., that officials say will be the most subsidized charter school in state history.

Kirkpatrick Pettis will underwrite the negotiated transaction. Sherman & Howard serves as bond counsel to the authority. The deal will not be rated.

"We didn't try for a rating this time out because we knew that as a start-up, it didn't meet the criteria for an investment-grade rating," said Russ Caldwell, a senior vice president with Kirkpatrick Pettis. "We expect that in the next few years, the school will be an…

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Source: HighBeam Research, Charter School in a Developing District Finds Favor in Colorado.

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