School Board Approves $4.5 million agreement
The main business for the Savannah R-III School Board on Tuesday night, Nov.19, involved financial needs to complete all planned construction improvements.The Savannah R-III School District accepted an agreement offered by Raymond James for a lease purchase agreement with the Webster Bank, a commercial banking company based in Stamford, Conn., for a $4.5 million lease purchase transaction.In a volatile market, Raymond James sought a deal with 65 firms. Raymond James reported they were pleased to offer the district this deal with Webster because the interest rate offered and locked in at 4.47%.
